Bears are Losing Control Over WSFS (WSFS), Here's Why It's a 'Buy' Now

Core Viewpoint - WSFS Financial has experienced a decline of 10.6% in its stock price over the past two weeks, but the formation of a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging to counteract selling pressure [1][2]. Technical Analysis - The hammer chart pattern indicates a minor difference between opening and closing prices, with a long lower wick suggesting that the stock found support after hitting a new low during a downtrend [3][4]. - This pattern signals that bears may have lost control, and the success of bulls in preventing further price declines indicates a possible trend reversal [4]. Fundamental Analysis - Recent upward revisions in earnings estimates for WSFS serve as a bullish indicator, correlating strongly with near-term stock price movements [6]. - The consensus EPS estimate for the current year has increased by 0.2% over the last 30 days, reflecting analysts' agreement on the company's potential for better earnings [7]. - WSFS holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8].