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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: