Could InterXion Holding N.V. (INXN) See a Reversal After Having Formed Several Months Bullish Double Top Pattern

January 13, 2018 - By Richard Conner

The chart of InterXion Holding N.V. (INXN) shows a double top with $62.22 target or 7.00 % above today’s $58.15 share price. The 8 months chart pattern indicates low risk for the $4.15 billion company. It was reported on Jan, 13 by Finviz.com. If the $62.22 price target is reached, the company will be worth $290.36 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.84% or $0.49 during the last trading session, reaching $58.15. About 539,823 shares traded or 48.71% up from the average. InterXion Holding N.V. (NYSE:INXN) has risen 30.50% since January 13, 2017 and is uptrending. It has outperformed by 13.80% the S&P500.

Analysts await InterXion Holding N.V. (NYSE:INXN) to report earnings on March, 7. They expect $0.20 EPS, up 42.86 % or $0.06 from last year’s $0.14 per share. INXN’s profit will be $14.27 million for 72.69 P/E if the $0.20 EPS becomes a reality. After $0.18 actual EPS reported by InterXion Holding N.V. for the previous quarter, Wall Street now forecasts 11.11 % EPS growth.

InterXion Holding N.V. (NYSE:INXN) Ratings Coverage

Among 12 analysts covering Interxion Holding NV (NYSE:INXN), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Interxion Holding NV had 34 analyst reports since August 6, 2015 according to SRatingsIntel. As per Tuesday, September 5, the company rating was maintained by RBC Capital Markets. As per Tuesday, May 23, the company rating was maintained by RBC Capital Markets. Stifel Nicolaus maintained it with “Buy” rating and $5500 target in Wednesday, August 2 report. The stock has “Buy” rating by Oppenheimer on Thursday, August 10. The company was maintained on Tuesday, October 3 by Cowen & Co. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, April 26 report. On Monday, September 28 the stock rating was initiated by Barclays Capital with “Overweight”. Citigroup maintained the shares of INXN in report on Thursday, November 2 with “Buy” rating. As per Monday, October 26, the company rating was upgraded by Evercore. The company was maintained on Monday, April 24 by RBC Capital Markets.

Another recent and important InterXion Holding N.V. (NYSE:INXN) news was published by Seekingalpha.com which published an article titled: “InterXion moves on expansion in seven European cities” on January 08, 2018.

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