Bears are Losing Control Over Clover Health Investments (CLOV), Here's Why It's a 'Buy' Now
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Clover Health Investments (CLOV) has formed a hammer chart pattern, suggesting support and potential trend reversal. Upward earnings estimate revisions further support a positive outlook.
November 12, 2024 | 4:15 pm
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Clover Health Investments has formed a hammer chart pattern, indicating potential support and a trend reversal. Additionally, upward revisions in earnings estimates suggest a positive outlook for the stock.
The hammer chart pattern is a technical indicator that suggests the stock has found support, which often precedes a price increase. Coupled with upward revisions in earnings estimates, this indicates a potential positive trend reversal for CLOV.
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