Straumann Holding (SAUHY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Shares of Straumann (SIX:STMN) surged on Wednesday after it reported its second-quarter results, posting a solid performance that exceeded expectations in several key areas. Straumann surged 14.8% to CHF 127.10 at 5:01 am (0901 GMT). The company's sales for the quarter reached CHF 1,273 million, aligning closely with the consensus estimate of CHF 1,300 million.