Bears are Losing Control Over ATI Physical Therapy (ATIP), Here's Why It's a 'Buy' Now
ATI Physical Therapy(ATIP) ZACKS·2024-08-26 22:55
The price trend for ATI Physical Therapy, Inc. (ATIP) has been bearish lately and the stock has lost 5.7% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the on ...