Bears are Losing Control Over Alstom (ALSMY), Here's Why It's a 'Buy' Now [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
NASDAQ:AMEX Investor Relations:
alstom.com/investor-relations
Company Research
Source: Yahoo! Finance
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 stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this company enhances its prospects of a trend reversal. This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' In simple terms, during a d
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News
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- Is Alstom's Recent Rebound Justified After Balance Sheet Streamlining Efforts? [Yahoo! Finance]Yahoo! Finance
- CAF receives €250m deal for regional train supply in southern France [Yahoo! Finance]Yahoo! Finance
- Alstom (OTCMKTS:ALSMY) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating.MarketBeat