Jerash Holdings (JRSH)’s Stock Formed A Several Months Bearish Double Bottom

September 8, 2018 - By Carolyn Hewitt

The chart of Jerash Holdings (JRSH) shows a double bottom with $5.58 target or 7.00 % below today’s $6.00 share price. The 5 months chart pattern indicates high risk for the $67.95 million company. It was reported on Sep, 8 by Finviz.com. If the $5.58 price target is reached, the company will be worth $4.76 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 4.76% or $0.3 during the last trading session, reaching $6. About 17,030 shares traded. Jerash Holdings (NASDAQ:US, Inc) has 0.00% since September 8, 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: “Wave of Solid Q2 Results Boosts Retail ETFs” on August 27, 2018, also Nasdaq.com with their article: “Should IQ Chaikin US Small Cap ETF (CSML) Be on Your Investing Radar?” published on August 20, 2018, Businesswire.com published: “First Trust RBA Quality Income ETF Changes Name, Investment Objective, Ticker Symbol and Management Fee …” on September 04, 2018. More interesting news about Jerash Holdings (NASDAQ:US, Inc) were released by: Streetinsider.com and their article: “Form N-CSRS UNIFIED SERIES TRUST For: Jun 30” published on September 05, 2018 as well as Investorplace.com‘s news article titled: “Best Energy ETFs and Stocks of Last Week” with publication date: August 27, 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 $67.95 million. The firm offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabrics. It has a 9.95 P/E ratio. It operates in the United States, Jordan, and internationally.

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