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Tanger (SKT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
SKTTanger Outlets(SKT) ZACKS·2024-12-24 23:56

Shares of Tanger (SKT) have been struggling lately and have lost 5.4% 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 future earning ...