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Stock impact report

Bears are Losing Control Over First Internet (INBK), Here's Why It's a 'Buy' Now [Yahoo! Finance]

First Internet Bancorp (INBK) 
Last first internet bancorp earnings: 4/22 04:52 pm Check Earnings Report
Company Research Source: Yahoo! Finance
reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock 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 bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this internet bank 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 downtrend, with bears having absolut Show less Read more
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