After Forming Double Top Chart Pattern, Is Pivotal Software, Inc. (PVTL)’s Near-Term Analysis Positive?

September 16, 2018 - By Matthew Richard

The chart of Pivotal Software, Inc. (PVTL) shows a double top with $23.53 target or 5.00 % above today’s $22.41 share price. The 7 months chart pattern indicates low risk for the $5.76B company. It was reported on Sep, 16 by Finviz.com. If the $23.53 price target is reached, the company will be worth $288.15M more. Double tops are rare but powerful chart patterns.

The stock decreased 2.57% or $0.59 during the last trading session, reaching $22.41. About 4.76 million shares traded or 206.49% up from the average. Pivotal Software, Inc. (NYSE:PVTL) has 0.00% since September 16, 2017 and is . It has underperformed by 15.62% the S&P500.

More notable recent Pivotal Software, Inc. (NYSE:PVTL) news were published by: Seekingalpha.com which released: “Pivotal Software 2019 Q2 – Results – Earnings Call Slides” on September 13, 2018, also Fool.com with their article: “7 Things to Know About Pivotal Software” published on September 06, 2018, Seekingalpha.com published: “Pivotal Software -16.2% despite Q2 beats, upside FY guidance” on September 12, 2018. More interesting news about Pivotal Software, Inc. (NYSE:PVTL) were released by: Benzinga.com and their article: “8 Stocks To Watch For September 13, 2018” published on September 13, 2018 as well as Prnewswire.com‘s news article titled: “Financialinsiders.com Earnings Recap Week Ending September 14th, 2017” with publication date: September 14, 2018.

Pivotal Software, Inc., together with its subsidiaries, provides an integrated solution that combines a cloud-native application platform and services in the United States. The company has market cap of $5.76 billion. The Company’s cloud-native platform, Pivotal Cloud Foundry , accelerates and streamlines software development by reducing the complexity of building, deploying, and operating modern applications. It currently has negative earnings. The firm also enables its clients to accelerate their adoption of a modern software development process and their business success using its platform through its strategic services, Pivotal Labs (Labs).

Pivotal Software, Inc. (NYSE:PVTL) Ratings Chart

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