Workhorse (WKHS) Forms 'Hammer Chart Pattern': Time for Bottom Fishing? [Yahoo! Finance]
Workhorse Group, Inc. (WKHS)
NASDAQ:AMEX Investor Relations:
workhorse.com/investors
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Source: Yahoo! Finance
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. 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 truck and drone manufacturer enhances its prospects of a trend reversal. Understanding Hammer Chart and the Technique to Trade It 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
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WKHS
News
- Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York Presence [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York PresenceGlobeNewswire
- Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Expands Dealer Network with Addition of Ziegler Truck GroupGlobeNewswire
- Down -32.9% in 4 Weeks, Here's Why Workhorse (WKHS) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
WKHS
Earnings
- 11/14/23 - Miss
WKHS
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- WKHS's page on the SEC website