Westinghouse Air Brake Technologies Corp (WAB) has been struggling lately, but the selling pressure may be coming to an end soon. That is because WAB recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.
Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. Estimates have actually risen so much that the stock now has a Zacks Rank #2 (Buy) suggesting this relatively unloved stock could be due for a breakout soon.
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment