Could Gladstone Investment Corporation (GAINM) See a Reversal After Having Formed Several Months Descending Triangle Chart Pattern

August 18, 2018 - By Margaret Guttierez

The stock of Gladstone Investment Corporation (GAINM) formed a descending triangle with $27.18 target or 7.00 % above today’s $25.40 share price. The 9 months triangle pattern indicates low risk for the $391.45 million company. If the $27.18 price target is reached, the company will be worth $27.40 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 0.51% or $0.13 during the last trading session, reaching $25.4. About 4,300 shares traded or 76.66% up from the average. Gladstone Investment Corporation (NASDAQ:GAINM) has 0.00% since August 18, 2017 and is . It has underperformed by 12.57% the S&P500.

Gladstone Investment Corporation is a business development firm specializing in buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability firm interests, and warrants or options. The company has market cap of $391.45 million. The fund does not invest in start-ups. It has a 9.82 P/E ratio. It seeks to invest in small and mid-sized companies based in the United States.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.