And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. If this is not enough, you should note that PDFS currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This means that the Wall Street analysts covering PDFS are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.
The consensus EPS estimate for the current year has increased 17.2% over the last 30 days. The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). This is one of the popular price patterns in candlestick charting. Understanding Hammer Chart and the Technique to Trade It On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this provider of software and services for semiconductor makers enhances its prospects of a trend reversal. But this is not the only factor that makes a bullish case for the stock. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. So, it could witness a trend reversal down the road. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. Shares of PDF Solutions (PDFS) have been struggling lately and have lost 6.9% over the past two weeks. Institutional Distribution Intelligence.
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