What’s Ahead for Arlington Asset Investment Corp. (AI) After Forming Double Bottom Chart Pattern?

August 10, 2018 - By Margaret Guttierez

Arlington Asset Investment Corp. (NYSE:AI) Logo

The chart of Arlington Asset Investment Corp. (AI) shows a double bottom with $9.87 target or 3.00 % below today’s $10.18 share price. The 9 months chart pattern indicates high risk for the $288.30M company. It was reported on Aug, 10 by Finviz.com. If the $9.87 price target is reached, the company will be worth $8.65M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.49% or $0.05 during the last trading session, reaching $10.18. About 52,590 shares traded. Arlington Asset Investment Corp. (NYSE:AI) has declined 23.00% since August 10, 2017 and is downtrending. It has underperformed by 35.57% the S&P500.

Arlington Asset Investment Corp. (NYSE:AI) Ratings Coverage

Among 2 analysts covering Arlington Asset Inv (NYSE:AI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Arlington Asset Inv had 2 analyst reports since May 4, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Friday, May 4 by Maxim Group.

More important recent Arlington Asset Investment Corp. (NYSE:AI) news were published by: Benzinga.com which released: “30 Stocks Moving In Friday’s Pre-Market Session” on August 03, 2018, also Seekingalpha.com published article titled: “Oppenheimer sizes up Baidu after key tech event”, Seekingalpha.com published: “Aurora Mobile IPO: 304% Revenue Growth And Goldman Acquired Convertible Notes” on July 26, 2018. More interesting news about Arlington Asset Investment Corp. (NYSE:AI) was released by: Seekingalpha.com and their article: “Arlington Asset Investment Corporation (AI) CEO Rock Tonkel on Q2 2018 Results – Earnings Call Transcript” with publication date: July 25, 2018.

Arlington Asset Investment Corp. (N

Arlington Asset Investment Corp. (NYSE:AI) Institutional Positions Chart

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