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Shares of ResMed (RMD) have been struggling lately and have lost 7.1% over the past two weeks. 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 ...
>>> Read more: Here's Why ResMed (RMD) Could be Great Choice for a Bottom Fisher
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 ...
>>> Read more: Here's Why ResMed (RMD) Could be Great Choice for a Bottom Fisher
