Leidos (LDOS) Loses -15.76% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Group 1 - Leidos (LDOS) has experienced a significant decline of 15.8% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for LDOS is currently at 29.2, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] - There is a strong consensus among Wall Street analysts that LDOS will report better earnings than previously predicted, with a 3.2% increase in the consensus EPS estimate over the last 30 days [6] Group 2 - The Zacks Rank for LDOS is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating a strong potential for a turnaround in the near term [7]