East West Bancorp (EWBC) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Group 1: Stock Performance and Technical Analysis - East West Bancorp (EWBC) shares have declined by 5.6% over the past two weeks, but a hammer chart pattern formed in the last trading session suggests potential support and a possible trend reversal [1] - The hammer pattern indicates a nearing bottom with likely subsiding selling pressure, signaling that bulls may be gaining control over the stock price [2] Group 2: Fundamental Analysis and Earnings Estimates - There has been a positive trend in earnings estimate revisions for EWBC, with the consensus EPS estimate for the current year increasing by 0.3% over the last 30 days, indicating analysts expect better earnings than previously predicted [3] - EWBC holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [3] - The Zacks Rank of 2 serves as a strong indicator of a potential trend reversal, suggesting improving prospects for the company [3]