Jefferies (JEF) stock has seen a 17% decline in the past four weeks, but with oversold conditions and analyst predictions of better earnings, a turnaround could be on the horizon. The Relative Strength Index (RSI) indicates oversold status, suggesting a potential rebound for the stock.

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With analyst consensus on improved earnings and a Zacks Rank #1 (Strong Buy), Jefferies (JEF) is showing signs of a potential turnaround. The heavy selling pressure on the stock may be reaching an end, and an increase in consensus EPS estimates further supports the case for price appreciation in the near term.

Read more at Nasdaq: Down 17.0% in 4 Weeks, Here’s Why You Should You Buy the Dip in Jefferies (JEF)