Bears are Losing Control Over PagerDuty (PD), Here's Why It's a 'Buy' Now
PDPagerDuty(PD) ZACKS·2024-09-11 22:56

The price trend for PagerDuty (PD) has been bearish lately and the stock has lost 10.7% 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.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analyst ...