Could Concordia International Corp. (CXRX) Go Down? The Stock Formed Double Bottom Chart Pattern

April 21, 2018 - By Peter Erickson

Concordia International Corp. (NASDAQ:CXRX) Logo

The chart of Concordia International Corp. (CXRX) shows a double bottom with $0.48 target or 4.00 % below today’s $0.50 share price. The 8 months chart pattern indicates high risk for the $24.56M company. It was reported on Apr, 21 by Finviz.com. If the $0.48 price target is reached, the company will be worth $982,320 less. Double bottoms are rare but powerful chart patterns.

The stock 0.48% or $0 during the last trading session, reaching $0.5. It is down 69.63% since April 21, 2017 and is downtrending. It has underperformed by 81.18% the S&P500.

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