CCU Oct 2024 12.500 put

After Plunging -7.04% in 4 Weeks, Here's Why the Trend Might Reverse for Cervecerias Unidas (CCU)

The heavy selling pressure might have exhausted for Cervecerias Unidas (CCU) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.