After Plunging 34% in 4 Weeks, Here's Why the Trend Might Reverse for Progress Software (PRGS)

Progress Software (PRGS) is technically in oversold territory, suggesting heavy selling pressure may have exhausted. Strong agreement among Wall Street analysts in raising earnings estimates increases the likelihood of a near-term trend reversal for the stock.

Analysis

Progress Software (PRGS) is technically in oversold territory, suggesting heavy selling pressure may have exhausted. Strong agreement among Wall Street analysts in raising earnings estimates increases the likelihood of a near-term trend reversal for the stock.