December 2, 2020

Knight-Swift Transportation Sees Hammer Chart Pattern: Time to Buy?

Knight-Swift Transportation Holdings Inc. KNX has been struggling lately, but the selling pressure may be coming to an end soon. That is because KNX recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.

What is a Hammer Chart Pattern?

A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.

Other Factors

Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 2 estimates have gone higher, compared to none

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Bicycle Therapeutics Limited (NASDAQ:BCYC) Sees Large Growth in Short Interest

Bicycle Therapeutics Limited (NASDAQ:BCYC) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 188,200 shares, a growth of 22.0% from the August 31st total of 154,300 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 74,300 shares, the short-interest ratio is presently 2.5 days.

In related news, major shareholder Plc Glaxosmithkline sold 1,597 shares of the company’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $19.27, for a total value of $30,774.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 26.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of Bicycle

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Asbury Automotive Sees Hammer Chart Pattern: Time to Buy?

Asbury Automotive Group, Inc. ABG has been struggling lately, but the selling pressure may be coming to an end soon. That is because ABG recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.

What is a Hammer Chart Pattern?

A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.

Other Factors

Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 3 estimates have gone higher, compared to none

Read More