Bunzl (BZLFY) Could Find a Support Soon, Here's Why You Should Buy the Stock Now [Yahoo! Finance]
BUNZL PLC S/ADR (BZLFY)
NASDAQ:AMEX Investor Relations:
bunzl.com/investors.aspx
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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
- Bunzl Canada A Certified Great Place to Work [Canadian Business Journal (Canada)]Canadian Business Journal
- Bunzl Canada A Certified Great Place to Work [Yahoo! Finance]Yahoo! Finance
- Bunzl Canada A Certified Great Place to WorkGlobeNewswire
- Bunzl plc (OTCMKTS: BZLFY) was upgraded by analysts at Royal Bank of Canada from a "hold" rating to a "moderate buy" rating.MarketBeat
- Bunzl plc (OTCMKTS: BZLFY) was downgraded by analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating.MarketBeat