Here's Why Inovio (INO) Could be Great Choice for a Bottom Fisher

Core Viewpoint - Inovio Pharmaceuticals (INO) has experienced a downtrend, losing 13.2% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which could lead to a bullish trend for the stock [2][4]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control and bulls are starting to gain support [3][4]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [4]. Fundamental Analysis - There has been a notable upward trend in earnings estimate revisions for INO, which is a bullish indicator suggesting potential price appreciation [6]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 22%, indicating that analysts expect better earnings than previously predicted [7]. - INO currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [8].