Here's Why DXP Enterprises (DXPE) is Poised for a Turnaround After Losing 11.4% in 4 Weeks

Core Viewpoint - DXP Enterprises (DXPE) has experienced significant selling pressure, resulting in an 11.4% decline over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 indicating oversold conditions [2] - DXPE's current RSI reading is 29.19, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5] - RSI serves as a momentum oscillator that helps identify potential price reversals, indicating that unwarranted selling may present entry opportunities for investors [3] Group 2: Fundamental Analysis - There is a consensus among sell-side analysts that earnings estimates for DXPE have increased by 0.4% over the last 30 days, which typically correlates with price appreciation [7] - DXPE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]