What Next for Internet Gold Golden Lines Ltd (IGLD) After Forming Bearish Double Bottom Pattern?

September 13, 2017 - By Kurt Siggers

The chart of Internet Gold Golden Lines Ltd (IGLD) shows a double bottom with $7.57 target or 5.00 % below today’s $7.97 share price. The 5 months chart pattern indicates high risk for the $153.05 million company. It was reported on Sep, 13 by Finviz.com. If the $7.57 price target is reached, the company will be worth $7.65M less. Double bottoms are rare but powerful chart patterns.

About 8,500 shares traded or 150.96% up from the average. Internet Gold Golden Lines Ltd (NASDAQ:IGLD) has declined 27.62% since September 13, 2016 and is downtrending. It has underperformed by 44.32% the S&P500.

More recent Internet Gold Golden Lines Ltd (NASDAQ:IGLD) news were published by: Seekingalpha.com which released: “Internet Gold – An Extremely Compelling Investment” on June 06, 2016. Also Quotes.Wsj.com published the news titled: “Internet Gold-Golden Lines Ltd.” on February 13, 2011. Marketwatch.com‘s news article titled: “7.65” with publication date: December 21, 2009 was also an interesting one.

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