After Plunging -25.74% in 4 Weeks, Here's Why the Trend Might Reverse for Amplify Energy (AMPY)

A downtrend has been apparent in Amplify Energy (AMPY) lately with too much selling pressure. The stock has declined 25.7% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...