GDS Holdings Limited (GDS) Forms Double Top Chart Pattern; Strong Momentum for Buyers Coming

September 16, 2018 - By Ash Maslow

The chart of GDS Holdings Limited (GDS) shows a double top with $36.82 target or 6.00 % above today’s $34.74 share price. The 9 months chart pattern indicates low risk for the $4.37B company. It was reported on Sep, 16 by Finviz.com. If the $36.82 price target is reached, the company will be worth $262.38M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.32% or $0.11 during the last trading session, reaching $34.74. About 777,523 shares traded. GDS Holdings Limited (NASDAQ:GDS) has risen 211.47% since September 16, 2017 and is uptrending. It has outperformed by 195.85% the S&P500.

Analysts await GDS Holdings Limited (NASDAQ:GDS) to report earnings on November, 8. They expect $-0.09 earnings per share, up 35.71 % or $0.05 from last year’s $-0.14 per share. After $-0.12 actual earnings per share reported by GDS Holdings Limited for the previous quarter, Wall Street now forecasts -25.00 % EPS growth.

More notable recent GDS Holdings Limited (NASDAQ:GDS) news were published by: Globenewswire.com which released: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of ZN, RMTI, TTPH, HMNY and GDS” on September 16, 2018, also Businesswire.com with their article: “Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of GDS Holdings Limited …” published on September 15, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: GLNCY GLCNF ACAD GDS NLSN LOGM PDD NVRO LCI CBS: The Law Offices of Vincent …” on August 30, 2018. More interesting news about GDS Holdings Limited (NASDAQ:GDS) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: PM QRTEA LOGM NLSN ACAD RMTI TTPH FB GDS SKX: The Law Offices of Vincent Wong …” published on September 14, 2018 as well as Nasdaq.com‘s news article titled: “GDS Holdings Limited to Hold Annual General Meeting on October 9, 2018” with publication date: September 10, 2018.

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company has market cap of $4.37 billion. The firm provides colocation, managed hosting, and managed cloud services. It currently has negative earnings. The Company’s data centers service clients that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

GDS Holdings Limited (NASDAQ:GDS) Ratings Chart

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