Could Jerash Holdings (JRSH) Gain Strenght After Forming Double Bottom Chart Pattern?

August 9, 2018 - By Pearl Odom

The chart of Jerash Holdings (JRSH) shows a double bottom with $6.40 target or 4.00 % below today’s $6.67 share price. The 7 months chart pattern indicates high risk for the $75.54M company. It was reported on Aug, 9 by Finviz.com. If the $6.40 price target is reached, the company will be worth $3.02 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 5.87% or $0.37 during the last trading session, reaching $6.67. About 15,296 shares traded. Jerash Holdings (NASDAQ:US, Inc) has 0.00% since August 9, 2017 and is . It has underperformed by 12.57% the S&P500.

More notable recent Jerash Holdings (NASDAQ:US, Inc) news were published by: Nasdaq.com which released: “Q2 Earnings Drive Pharma ETFs Higher” on August 07, 2018, also Digitaljournal.com with their article: “First Trust Advisors LP Announces Distributions for Exchange-Traded Funds” published on July 19, 2018, Streetinsider.com published: “Form 10-K Avid Bioservices, Inc. For: Apr 30” on July 16, 2018. More interesting news about Jerash Holdings (NASDAQ:US, Inc) were released by: Nasdaq.com and their article: “Should First Trust Small Cap Growth AlphaDEX Fund (FYC) Be on Your Investing Radar?” published on August 07, 2018 as well as Nasdaq.com‘s news article titled: “Should First Trust Mid Cap Growth AlphaDEX Fund (FNY) Be on Your Investing Radar?” with publication date: July 26, 2018.

Jerash Holdings , Inc., through its subsidiaries, makes and exports customized and ready-made sports and outerwear apparel for large brand-name retailers. The company has market cap of $75.54 million. The firm offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabrics. It has a 6.24 P/E ratio. It operates in the United States, Jordan, and internationally.

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