Here's Why Roper Technologies (ROP) Is a Great 'Buy the Bottom' Stock Now
Roper(ROP) Zacks Investment Research·2024-05-01 22:56
Shares of Roper Technologies (ROP) have been struggling lately and have lost 5.2% 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.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 analysts about the future ...