M I Acquisitions, Inc. (MACQ) on Focus After Forming Bullish Double Top

July 16, 2018 - By Vernon Prom

The chart of M I Acquisitions, Inc. (MACQ) shows a double top with $11.66 target or 9.00 % above today’s $10.70 share price. The 5 months chart pattern indicates low risk for the $25.53M company. It was reported on Jul, 16 by Finviz.com. If the $11.66 price target is reached, the company will be worth $2.30 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.38% or $0.04 during the last trading session, reaching $10.7. About 82,870 shares traded or 86.10% up from the average. M I Acquisitions, Inc. (NASDAQ:MACQ) has 0.00% since July 16, 2017 and is . It has underperformed by 12.57% the S&P500.

M I Acquisitions, Inc. does not have significant operations. The company has market cap of $25.53 million. It focusses on seeking a business combination with a firm or companies operating in the technology, media, and telecommunications industries. It currently has negative earnings.

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