Bears are Losing Control Over First Internet (INBK), Here's Why It's a 'Buy' Now
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First Internet (INBK) is showing signs of a potential trend reversal with a hammer chart pattern and upward earnings estimate revisions, suggesting it may be a good buy opportunity.
November 19, 2024 | 4:15 pm
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First Internet (INBK) is showing a hammer chart pattern, indicating support after recent value loss. Coupled with upward earnings estimate revisions, this suggests a potential trend reversal.
The hammer chart pattern suggests that INBK has found support after a decline, which is often a bullish signal. Additionally, upward revisions in earnings estimates indicate positive expectations for the company's financial performance, further supporting a potential upward trend in the stock price.
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