Stratasys (SSYS) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Core Viewpoint - Stratasys (SSYS) has shown a downtrend recently, losing 7.8% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal due to increased buying interest [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottom in the stock price, suggesting that selling pressure may be exhausting [2][5]. - This pattern forms when the stock opens lower, makes a new low, but then closes near or above the opening price, indicating a shift in control from bears to bulls [4][5]. - Hammer candles can appear on various timeframes and are relevant for both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for Stratasys, which is a bullish indicator [7]. - The consensus EPS estimate for the current year has increased by 47.5% over the last 30 days, reflecting analysts' optimism about the company's earnings potential [8]. - Stratasys holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for outperformance in the market [9].