Invesco Mortgage Capital (IVR) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Shares of Invesco Mortgage Capital (IVR) have been struggling lately and have lost 10.2% over the past four 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 abo ...