A downtrend has been apparent in Bayer Aktiengesellschaft (BAYRY) lately. While the stock has lost 6.4% over the past week, ...

The hammer is a bullish reversal candlestick pattern characterized by a small body near the top, a long lower wick, and little to no upper shadow. It signals a shift from selling to buying pressure.

While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...