XOMA Royalty: A 'Buy the Bottom' Stock with Hammer Chart Pattern and Rising Earnings Estimates

XOMA Royalty (XOMA) stock has been struggling, but a hammer chart pattern suggests a potential trend reversal. The formation of a hammer pattern indicates nearing a bottom with potential exhaustion of selling pressure. Rising optimism among Wall Street analysts about the future earnings of this drug developer enhances the prospects of a trend reversal. The consensus EPS estimate for the current year has increased 3671.4% over the last 30 days.