Altera (ALTR) Sees Hammer Chart Pattern: Time to Buy? - Tale of the Tape

By Zacks Equity Research,

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Altera Corporation ( ALTR ) has been struggling lately, but the selling pressure may be coming to an end soon. That is because ALTR recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.

Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. Estimates have actually risen so much that the stock now has a Zacks Rank #2 (Buy) suggesting this relatively unloved stock could be due for a breakout soon.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: ALTR

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