A review of the Hammer, a Trend Reversal signal in Generac

HammerOne of the stocks that I had on my list this week was $GNRC for a potential Double Bottom. My perspective was that it looked vulnerable though – so I was cautious on it as a bounce play.

Well the market gave me my answer:

GNRC_DBA confirmed Hammer is a nice tell for more upside. It got even better for $GNRC as it hopped over the 50 SMA today. Well done Bulls, well done.

 

graphic at the top courtesy of Investopedia

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