bebe stores, inc. (BEBE) Stock Formed Bearish Double Bottom. What To Expect?

July 17, 2017 - By Louis Casey

The chart of bebe stores, inc. (BEBE) shows a double bottom with $6.05 target or 7.00 % below today’s $6.50 share price. The 8 months chart pattern indicates high risk for the $51.32M company. It was reported on Jul, 17 by Finviz.com. If the $6.05 price target is reached, the company will be worth $3.59 million less. Double bottoms are rare but powerful chart patterns.

It closed at $6.5 lastly. It is down 14.27% since July 17, 2016 and is uptrending. It has underperformed by 2.43% the S&P500.

bebe stores, inc. (NASDAQ:BEBE) Ratings Coverage

Among 2 analysts covering Bebe Stores Inc. (NASDAQ:BEBE), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Bebe Stores Inc. had 5 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Tuesday, September 1 to “Hold”. The stock of bebe stores, inc. (NASDAQ:BEBE) earned “Neutral” rating by Mizuho on Friday, October 2.

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