Here's Why Bath & Body Works (BBWI) Looks Ripe for Bottom Fishing
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Bath & Body Works (BBWI) has formed a hammer chart pattern, suggesting support for the stock. Coupled with upward earnings estimate revisions, this indicates a potential trend reversal in the near term.
February 12, 2025 | 4:00 pm
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Bath & Body Works (BBWI) has formed a hammer chart pattern, indicating support for the stock. This, along with upward revisions in earnings estimates, suggests a potential trend reversal.
The hammer chart pattern is a technical indicator that suggests the stock has found support, which is often a precursor to a price increase. Additionally, upward revisions in earnings estimates typically signal positive future performance, further supporting the likelihood of a trend reversal.
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