Could Wins Finance Holdings Inc. (WINS) Recover After Forming a Bearish Double Bottom?

August 9, 2018 - By Billy Entrekin

The chart of Wins Finance Holdings Inc. (WINS) shows a double bottom with $89.33 target or 4.00 % below today’s $93.05 share price. The 9 months chart pattern indicates high risk for the $1.85B company. It was reported on Aug, 9 by Finviz.com. If the $89.33 price target is reached, the company will be worth $73.84M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 19.09% or $21.95 during the last trading session, reaching $93.05. About 4,031 shares traded or 763.17% up from the average. Wins Finance Holdings Inc. (NASDAQ:WINS) has risen 366.67% since August 9, 2017 and is uptrending. It has outperformed by 354.10% the S&P500.

More news for Wins Finance Holdings Inc. (NASDAQ:WINS) were recently published by: Benzinga.com, which released: “64 Stocks Moving In Tuesday’s Mid-Day Session” on August 07, 2018. Benzinga.com‘s article titled: “68 Stocks Moving In Wednesday’s Mid-Day Session” and published on August 08, 2018 is yet another important article.

Wins Finance Holdings Inc., through its subsidiaries, provides financing solutions to small and medium enterprises in the PeopleÂ’s Republic of China. The company has market cap of $1.85 billion. It offers financial guarantee, leasing, and advisory and agency services primarily in Jinzhong City, Shanxi Province and Beijing. It has a 100.16 P/E ratio. The firm is headquartered in Beijing, the PeopleÂ’s Republic of China.

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