Nice (NICE) Loses -10.58% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

A downtrend has been apparent in Nice (NICE) lately with too much selling pressure. The stock has declined 10.6% 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. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beaut ...