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Published on 25 Apr 2024 on Zacks via Yahoo Finance

Down -43.02% in 4 Weeks, Here's Why You Should You Buy the Dip in Annexon (ANNX)


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Annexon, Inc. (ANNX) has been beaten down lately with too much selling pressure. While the stock has lost 43% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.

Guide to Identifying Oversold Stocks

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

NASDAQ.ANNX price evolution

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