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Here's Why Community Financial (CBU) Is a Great 'Buy the Bottom' Stock Now
CBUmunity Bank System(CBU) ZACKS·2024-09-11 14:56

The price trend for Community Financial System (CBU) has been bearish lately and the stock has lost 5.7% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. 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 S ...