- Zacks
After Plunging -9.98% in 4 Weeks, Here's Why the Trend Might Reverse for Reliance (RS)
Reliance (RS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
- Insider Monkey
Reliance Steel & Aluminum Co. (NYSE:RS) Q1 2024 Earnings Call Transcript
Reliance Steel & Aluminum Co. (NYSE:RS) Q1 2024 Earnings Call Transcript April 25, 2024 Reliance Steel & Aluminum Co. misses on earnings expectations. Reported EPS is $5.3 EPS, expectations were $5.51. Reliance Steel & Aluminum Co. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see […]
- Zacks
Reliance (RS) Loses -13.04% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
The heavy selling pressure might have exhausted for Reliance (RS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
