Bears are Losing Control Over Tandem Diabetes Care (TNDM), Here's Why It's a 'Buy' Now

Core Viewpoint - Tandem Diabetes Care, Inc. (TNDM) has experienced an 8.4% decline in share price over the past week, 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 minor difference between opening and closing prices, with a long lower wick, suggesting that the stock may have found support after a downtrend [4][5]. - This pattern typically signals that bears may have lost control, indicating a potential trend reversal if buying interest emerges [5]. Fundamental Analysis - There is rising optimism among Wall Street analysts regarding TNDM's future earnings, which supports the potential for a trend reversal [2][7]. - Over the last 30 days, the consensus EPS estimate for TNDM has increased by 0.6%, indicating that analysts expect better earnings than previously predicted [8]. - TNDM holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [9][10].