Aptevo Therapeutics (APVO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Core Viewpoint - Aptevo Therapeutics Inc. (APVO) has shown a downtrend recently, losing 12% 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 the stock [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control over the price [4][5]. - The occurrence of this pattern at the bottom of a downtrend suggests that bulls have successfully halted further price declines, indicating a potential trend reversal [5]. Fundamental Analysis - There has been a notable upward trend in earnings estimate revisions for APVO, which is a bullish indicator suggesting potential price appreciation [7]. - The consensus EPS estimate for the current year has increased by 62.1% over the last 30 days, reflecting strong agreement among analysts regarding the company's improved earnings potential [8]. - APVO 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].