Down -53.39% in 4 Weeks, Here's Why You Should You Buy the Dip in fuboTV Inc. (FUBO)

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Down -53.39% in 4 Weeks, Here's Why You Should You Buy the Dip in fuboTV Inc. (FUBO)

Zacks2023-03-20

A downtrend has been apparent in fuboTV Inc. (FUBO) lately with too much selling pressure. The stock has declined 53.4% over the past four weeks. However, given the fact that it is now in oversold ...

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idiotsrule
·2023-03-21
Dexisting soon bro.. Good attempt
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(FUBO)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-20 21:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/down-53-39-4-weeks-133501114.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A downtrend has been apparent in fuboTV Inc. (FUBO) lately with too much selling pressure. The stock has declined 53.4% over the past four weeks. However, given the fact that it is now in oversold ...</p>\n\n<a href=\"https://finance.yahoo.com/news/down-53-39-4-weeks-133501114.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://finance.yahoo.com/news/down-53-39-4-weeks-133501114.html","article_id":"2320653176","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/QOfludHza1dTKV8R6Coeiw--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/48ad4265c55e3ba7a1fb9148d6e717d9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2320653176","pubTimestamp":1679319301,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A downtrend has been apparent in fuboTV Inc. (FUBO) lately with too much selling pressure. The stock","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","BK4524":"宅经济概念","BOLT":"Bolt Biotherapeutics, Inc.","TERN":"Terns Pharmaceuticals, Inc.","RSI":"Rush Street Interactive, Inc.","CRCT":"Cricut, Inc.","FUBO":"fuboTV Inc.","BK4507":"流媒体概念","BK4077":"互动媒体与服务","BK4139":"生物科技"},"translate_title":"4周内下跌53.39%，以下是你应该买入富波电视公司（fuboTV Inc.）股价下跌的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOLT":1,"CRCT":1,"FUBO":1,"RSI":1,"TERN":1},"content_text":"A downtrend has been apparent in fuboTV Inc. (FUBO) lately with too much selling pressure. The stock has declined 53.4% 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.\nHow to Determine if a Stock is Oversold\nWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.\nRSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.\nTechnically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.\nSo, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.\nHowever, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.\nWhy a Trend Reversal is Due for FUBO\nThe heavy selling of FUBO shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 12.85. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.\nThe RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for FUBO has increased 34.4%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.\nMoreover, FUBO currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nfuboTV Inc. (FUBO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9943880872,"gmtCreate":1679348665096,"gmtModify":1679348670207,"author":{"id":"3576583168567675","authorId":"3576583168567675","name":"idiotsrule","avatar":"https://static.tigerbbs.com/11785bb3e31e46938dc57aa292bb0d7f","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3576583168567675","authorIdStr":"3576583168567675"},"htmlText":"Dexisting soon bro.. Good attempt&nbsp;","listText":"Dexisting soon bro.. Good attempt&nbsp;","text":"Dexisting soon bro.. Good attempt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943880872","repostId":2320653176,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}