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Cumulus Media (CMLS) Sees Hammer Chart Pattern: Time to Buy?

Zacks Equity Research

Cumulus Media Inc (CMLS) has been struggling lately, but the selling pressure may be coming to an end soon. That is because CMLS 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.

CUMULUS MEDIA INC (CMLS): Free Stock Analysis Report

Zacks Investment Research