Fabrinet (FN) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
FNFabrinet(FN) ZACKS·2024-08-29 22:55

Shares of Fabrinet (FN) have been struggling lately and have lost 10.7% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.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 only factor that makes a bullish case for the sto ...