Could Natuzzi S.p.A. (NTZ) Go Down? The Stock Formed Double Bottom

February 25, 2018 - By Stephen Andrade

The chart of Natuzzi S.p.A. (NTZ) shows a double bottom with $1.44 target or 8.00 % below today’s $1.57 share price. The 7 months chart pattern indicates high risk for the $86.12 million company. It was reported on Feb, 25 by Finviz.com. If the $1.44 price target is reached, the company will be worth $6.89M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.64% or $0.01 during the last trading session, reaching $1.57. About 7,100 shares traded. Natuzzi S.p.A. (NYSE:NTZ) has risen 73.33% since February 25, 2017 and is uptrending. It has outperformed by 56.63% the S&P500.

More important recent Natuzzi S.p.A. (NYSE:NTZ) news were published by: Benzinga.com which released: “Earnings Scheduled For November 24, 2017” on November 24, 2017, also Benzinga.com published article titled: “Earnings Scheduled For March 30, 2017”, Quotes.Wsj.com published: “Natuzzi SpA ADR NTZ (US: NYSE)” on February 11, 2011. More interesting news about Natuzzi S.p.A. (NYSE:NTZ) was released by: Marketwatch.com and their article: “Man Wah Holdings Ltd. ADR” with publication date: June 07, 2017.

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