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Genpact's been taking a beating lately, down over 21% in just four weeks. Pretty brutal to watch if you're holding it. But here's the thing I noticed - the technical setup actually looks ripe for a reversal. The RSI just hit 26.62, which is deep in oversold territory. Usually when you see that kind of reading, it means the selling pressure is starting to run out of steam.
What's interesting is it's not just a technical setup. The sell-side analysts have been raising their earnings estimates for the year, with consensus EPS up about 2.9% over the last month. That's the kind of thing that typically precedes a bounce in the stock price. Plus the stock just got a Zacks Rank 2 rating, which puts it in the top 20% of their universe.
Obviously RSI alone isn't enough to make a trade decision, but when you combine the oversold technical condition with improving fundamental expectations, it starts to paint a picture of a potential turnaround setup. Could be worth watching if you're looking for entry opportunities.