Does This Provide a Reason to Buy Hostess Brands, Inc. (TWNK)? The Stock Has Formed Bullish Double Top Pattern

June 19, 2017 - By Peter Erickson

The chart of Hostess Brands, Inc. (TWNK) shows a double top with $16.88 target or 4.00 % above today’s $16.23 share price. The 9 months chart pattern indicates low risk for the $1.59B company. It was reported on Jun, 19 by Finviz.com. If the $16.88 price target is reached, the company will be worth $63.60 million more. Double tops are rare but powerful chart patterns.

About 178,740 shares traded. Hostess Brands, Inc. (NASDAQ:TWNK) has risen 69.90% since June 19, 2016 and is uptrending. It has outperformed by 53.20% the S&P500.

Hostess Brands, Inc. (NASDAQ:TWNK) Ratings Coverage

Among 3 analysts covering Hostess Brands (NASDAQ:TWNK), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hostess Brands had 3 analyst reports since February 14, 2017 according to SRatingsIntel. The company was initiated on Wednesday, February 15 by Deutsche Bank.

More notable recent Hostess Brands, Inc. (NASDAQ:TWNK) news were published by: Seekingalpha.com which released: “Hostess Brands’ (TWNK) CEO Bill Toler on Q4 2016 Results – Earnings Call …” on March 15, 2017, also Reuters.com with their article: “BRIEF-Hostess Brands announces launch of public offering by selling stockholders” published on April 10, 2017, Fortune.com published: “Hostess Brands Returns to Wall Street” on November 07, 2016. More interesting news about Hostess Brands, Inc. (NASDAQ:TWNK) were released by: Seekingalpha.com and their article: “Hostess Brands promotes Andrew Jacobs as Chief Commercial Officer” published on June 16, 2017 as well as Marketwatch.com‘s news article titled: “16.1192” with publication date: November 07, 2016.

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