Could REV Group, Inc. (REVG) Go Down? The Stock Formed Bearish Head & Shoulders

April 19, 2018 - By Winifred Garcia

The stock of REV Group, Inc. (REVG) formed H&S with $17.11 target or 9.00 % below today’s $18.80 share price. The 5 months Head & Shoulders indicates high risk for the $1.21 billion company. It was reported on Apr, 19 by If the $17.11 price target is reached, the company will be worth $109.26 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 2.06% or $0.38 during the last trading session, reaching $18.8. About 968,423 shares traded or 41.18% up from the average. REV Group, Inc. (NYSE:REVG) has declined 23.94% since April 19, 2017 and is downtrending. It has underperformed by 35.49% the S&P500.

Analysts await REV Group, Inc. (NYSE:REVG) to report earnings on June, 5. They expect $0.32 EPS, up 10.34 % or $0.03 from last year’s $0.29 per share. REVG’s profit will be $20.66 million for 14.69 P/E if the $0.32 EPS becomes a reality. After $0.13 actual EPS reported by REV Group, Inc. for the previous quarter, Wall Street now forecasts 146.15 % EPS growth.

REV Group, Inc. (NYSE:REVG) Ratings Chart

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