Could ILG, Inc. (ILG) Change Direction After This Bullish Wedge Up Chart Pattern

February 15, 2018 - By Adrian Erickson

The stock of ILG, Inc. (ILG) formed an up wedge with $33.93 target or 8.00 % above today’s $31.42 share price. The 9 months wedge indicates low risk for the $3.90B company. If the $33.93 price target is reached, the company will be worth $311.84M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.16% or $0.05 during the last trading session, reaching $31.42. About 1.35 million shares traded or 24.49% up from the average. ILG, Inc. (NASDAQ:ILG) has risen 97.56% since February 15, 2017 and is uptrending. It has outperformed by 80.86% the S&P500.

Analysts await ILG, Inc. (NASDAQ:ILG) to report earnings on February, 27. They expect $0.26 earnings per share, down 45.83 % or $0.22 from last year’s $0.48 per share. ILG’s profit will be $32.26 million for 30.21 P/E if the $0.26 EPS becomes a reality. After $0.28 actual earnings per share reported by ILG, Inc. for the previous quarter, Wall Street now forecasts -7.14 % negative EPS growth.

More news for ILG, Inc. (NASDAQ:ILG) were recently published by: Nasdaq.com, which released: “Notable Tuesday Option Activity: PCLN, AMZN, ILG” on February 13, 2018. Businesswire.com‘s article titled: “ILG Confirms Receipt of Director Nominations from FrontFour Capital” and published on January 29, 2018 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: