American Outdoor Brands Corporation (AOBC) Forms Bearish Double Bottom Pattern; Strong Momentum for Sellers

December 8, 2017 - By Marguerite Chambers

The chart of American Outdoor Brands Corporation (AOBC) shows a double bottom with $14.18 target or 5.00 % below today’s $14.93 share price. The 7 months chart pattern indicates high risk for the $806.24M company. It was reported on Dec, 8 by Finviz.com. If the $14.18 price target is reached, the company will be worth $40.31 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 4.85% or $0.69 during the last trading session, reaching $14.93. About 4.82M shares traded or 176.16% up from the average. American Outdoor Brands Corporation (NASDAQ:AOBC) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

American Outdoor Brands Corporation (NASDAQ:AOBC) Ratings Coverage

Among 7 analysts covering American Outdoor Brands (NASDAQ:AOBC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. American Outdoor Brands had 16 analyst reports since January 18, 2017 according to SRatingsIntel. Jefferies initiated American Outdoor Brands Corporation (NASDAQ:AOBC) on Tuesday, February 28 with “Hold” rating. Cowen & Co maintained American Outdoor Brands Corporation (NASDAQ:AOBC) on Friday, June 30 with “Buy” rating. Cowen & Co maintained it with “Buy” rating and $19.0 target in Friday, September 8 report. On Thursday, June 22 the stock rating was maintained by Wunderlich with “Hold”. Jefferies maintained the shares of AOBC in report on Friday, June 2 with “Hold” rating. The firm has “Hold” rating given on Thursday, September 7 by Jefferies. On Wednesday, January 18 the stock rating was maintained by Wedbush with “Neutral”. The firm has “Buy” rating given on Friday, August 4 by Cowen & Co. As per Friday, November 3, the company rating was maintained by Cowen & Co. The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has “Hold” rating given on Friday, July 7 by Jefferies.

More notable recent American Outdoor Brands Corporation (NASDAQ:AOBC) news were published by: Seekingalpha.com which released: “American Outdoor Brands: Right For The Wrong Reasons” on December 08, 2017, also Seekingalpha.com with their article: “American Outdoor Brands: ‘Earnings’ Expectations” published on November 19, 2017, Seekingalpha.com published: “Vista Outdoor plunges 27% after slashing outlook” on November 09, 2017. More interesting news about American Outdoor Brands Corporation (NASDAQ:AOBC) were released by: Seekingalpha.com and their article: “October NICS Data – Gun Sales Failed The Test” published on November 09, 2017 as well as Fool.com‘s news article titled: “Here’s Where Things Went Wrong for American Outdoors Brand Corp in 2017” with publication date: December 04, 2017.

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