Here's Why Applied Therapeutics (APLT) Is a Great 'Buy the Bottom' Stock Now

Core Viewpoint - Shares of Applied Therapeutics Inc. (APLT) have experienced a significant decline of 46.8% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1] 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] - This pattern signals that bears might be losing control, and the emergence of buying interest could indicate a potential trend reversal [5] Fundamental Analysis - Rising optimism among Wall Street analysts regarding APLT's future earnings enhances the prospects for a trend reversal [2] - Over the last 30 days, the consensus EPS estimate for APLT has increased by 1.9%, indicating that analysts expect better earnings than previously predicted [8] - APLT 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]