Could Medallion Financial Corp. (MFIN) Increase Even More? The Stock Formed Double Top Chart Pattern

May 24, 2018 - By Hazel Jackson

Medallion Financial Corp. (NASDAQ:MFIN) Logo

The chart of Medallion Financial Corp. (MFIN) shows a double top with $5.54 target or 9.00 % above today’s $5.08 share price. The 8 months chart pattern indicates low risk for the $124.15 million company. It was reported on May, 24 by Finviz.com. If the $5.54 price target is reached, the company will be worth $11.17 million more. Double tops are rare but powerful chart patterns.

The stock decreased 1.17% or $0.06 during the last trading session, reaching $5.08. About 70,159 shares traded. Medallion Financial Corp. (NASDAQ:MFIN) has risen 100.65% since May 24, 2017 and is uptrending. It has outperformed by 89.10% the S&P500.

More news for Medallion Financial Corp. (NASDAQ:MFIN) were recently published by: Seekingalpha.com, which released: “Medallion Financial (MFIN) Q1 2018 Results – Earnings Call Transcript” on May 15, 2018. Streetinsider.com‘s article titled: “Medical Financial (MFIN) Reports Q1 Loss of $0.62” and published on May 14, 2018 is yet another important article.

Medallion Financial Corp., through with its subsidiaries, operates as a specialty finance firm in the United States. The company has market cap of $124.15 million. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. It has a 508 P/E ratio. The firm offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.

Medallion Financial Corp. (NASDAQ:MFIN) Institutional Positions Chart

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