Amplify Energy: After Plunging -27.5% in 4 Weeks, Here's Why the Trend Might Reverse for Amplify Energy (AMPY)

Amplify Energy (AMPY) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.