Can XCel Brands Inc (XELB)’s Tomorrow be Different? The Stock Formed a Double Bottom Pattern

June 19, 2017 - By Marguerite Chambers

The chart of XCel Brands Inc (XELB) shows a double bottom with $2.72 target or 3.00 % below today’s $2.80 share price. The 7 months chart pattern indicates high risk for the $46.65M company. It was reported on Jun, 19 by Finviz.com. If the $2.72 price target is reached, the company will be worth $1.40 million less. Double bottoms are rare but powerful chart patterns.

It closed at $2.8 lastly. It is down 61.73% since June 19, 2016 and is downtrending. It has underperformed by 78.43% the S&P500.

More notable recent XCel Brands Inc (NASDAQ:XELB) news were published by: Globenewswire.com which released: “Michael Francis Joins Xcel Brands, Inc. Board of Directors” on June 03, 2015, also Seekingalpha.com with their article: “Xcel Brands’ (XELB) CEO Robert D’Loren on Q1 2017 Results – Earnings Call …” published on May 10, 2017, Seekingalpha.com published: “Xcel Brands’ (XELB) CEO Robert D’Loren on Q3 2016 Results – Earnings Call …” on November 11, 2016. More interesting news about XCel Brands Inc (NASDAQ:XELB) were released by: Globenewswire.com and their article: “Xcel Brands Announces Strategic Partnership With Hudson’s Bay and Lord & Taylor” published on September 02, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Xcel Brands reports Q1 adjusted non-GAAP earnings $0.06/shr” with publication date: May 09, 2017.

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