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

Core Viewpoint - WSFS Financial (WSFS) has experienced a decline of 7.6% over the past two weeks, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottom, with reduced selling pressure, and is a bullish signal for the stock [2][5]. - This pattern occurs during a downtrend when the stock opens lower, makes a new low, but then finds support and closes near its opening price, suggesting that bears may be losing control [4][5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for WSFS, which is a bullish indicator as it typically leads to price appreciation [7]. - The consensus EPS estimate for WSFS has increased by 2.5% over the last 30 days, indicating strong agreement among analysts regarding the company's improved earnings potential [8]. Zacks Rank - WSFS currently holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9][10]. - A Zacks Rank of 2 is a strong indicator of a potential trend reversal, as it reflects improving company prospects [10].