Calix (CALX) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Shares of Calix (CALX) have been struggling lately and have lost 8.2% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the ...