Bears are Losing Control Over LCI (LCII), Here's Why It's a 'Buy' Now
LCI Industries(LCII) zacks.com·2024-05-28 22:56
The price trend for LCI (LCII) has been bearish lately and the stock has lost 7.3% 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 only factor that makes a ...