What’s Propelling Moog Inc. (MOG-A) to Increase? The Stock Formed a Bullish Double Top Chart Pattern

January 13, 2018 - By Marie Mckinney

The chart of Moog Inc. (MOG-A) shows a double top with $91.44 target or 3.00 % above today’s $88.78 share price. The 5 months chart pattern indicates low risk for the $3.18 billion company. It was reported on Jan, 13 by Finviz.com. If the $91.44 price target is reached, the company will be worth $95.25 million more. Double tops are rare but powerful chart patterns.

The stock decreased 1.68% or $1.52 during the last trading session, reaching $88.78. About 97,379 shares traded. Moog Inc. (NYSE:MOG.A) has risen 30.08% since January 13, 2017 and is uptrending. It has outperformed by 13.38% the S&P500.

Moog Inc. (NYSE:MOG.A) Ratings Coverage

Among 4 analysts covering Moog (NYSE:MOG.A), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Moog had 7 analyst reports since August 3, 2015 according to SRatingsIntel. On Tuesday, August 1 the stock rating was maintained by Credit Suisse with “Hold”. On Friday, November 3 the stock rating was maintained by SunTrust with “Hold”. RBC Capital Markets maintained Moog Inc. (NYSE:MOG.A) on Monday, August 3 with “Sector Perform” rating. The stock of Moog Inc. (NYSE:MOG.A) earned “Hold” rating by SunTrust on Monday, January 8. The company was downgraded on Friday, January 12 by Credit Suisse. Cowen & Co maintained Moog Inc. (NYSE:MOG.A) rating on Friday, July 28. Cowen & Co has “Hold” rating and $7500 target. As per Thursday, October 19, the company rating was maintained by Cowen & Co.

More news for Moog Inc. (NYSE:MOG.A) were recently published by: Globenewswire.com, which released: “Moog Receives Embraer Supplier of the Year Award for New Development” on January 09, 2018. Bizjournals.com‘s article titled: “Moog Inc.: Worldwide defense, aerospace contractor” and published on December 22, 2017 is yet another important article.

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