Here's Why Associated Banc-Corp (ASB) Is a Great 'Buy the Bottom' Stock Now

Core Viewpoint - Associated Banc-Corp (ASB) has shown a downtrend recently, losing 6.9% over the past week, 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 ASB [2][4]. - The hammer pattern forms when there is a small candle body with a long lower wick, suggesting that despite a downtrend, buyers are starting to enter the market [3][4]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [4]. Fundamental Analysis - Recent upward revisions in earnings estimates for ASB serve as a bullish indicator, correlating strongly with near-term stock price movements [6]. - Over the last 30 days, the consensus EPS estimate for ASB has increased by 1.9%, indicating that analysts expect better earnings than previously predicted [7]. - ASB holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [8].