Bearish Chart Formation for One Stop Systems, Inc. (OSS) After Forming Multiple Bottom Chart Pattern

July 27, 2018 - By Matthew Richard

The stock of One Stop Systems, Inc. (OSS) shows a multiple bottoms pattern with $4.09 target or 5.00 % below today’s $4.30 share price. The 9 months chart pattern indicates high risk for the $54.93 million company. It was reported on Jul, 27 by Finviz.com. If the $4.09 price target is reached, the company will be worth $2.75M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 2.87% or $0.12 during the last trading session, reaching $4.3. About 3,352 shares traded. One Stop Systems, Inc. (NASDAQ:OSS) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await One Stop Systems, Inc. (NASDAQ:OSS) to report earnings on August, 14. After $-0.04 actual earnings per share reported by One Stop Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Another recent and important One Stop Systems, Inc. (NASDAQ:OSS) news was published by Nasdaq.com which published an article titled: “One Stop Systems to Demonstrate Flash Storage Solutions at Flash Memory Summit on August 7-9, 2018” on July 23, 2018.

One Stop Systems, Inc. designs, manufactures, and markets industrial grade computer systems and components that are based on industry standard computer architectures worldwide. The company has market cap of $54.93 million. The firm offers custom built servers; graphical processing unit compute accelerators; flash arrays; peripheral component interconnect expansion products and adaptors; storage management software; and infrastructure as a service solutions. It currently has negative earnings. It serves manufacturers of automated equipment used for telecommunication, industrial, and military applications.

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