Irsa Inversiones y Rprsntcins SA (ADR) (IRS) Formed a Double Top Chart Pattern, Could Be One of The Best Performers Soon

June 19, 2017 - By Winifred Garcia

The chart of Irsa Inversiones y Rprsntcins SA (ADR) (IRS) shows a double top with $26.16 target or 9.00 % above today’s $24.00 share price. The 9 months chart pattern indicates low risk for the $1.43B company. It was reported on Jun, 19 by Finviz.com. If the $26.16 price target is reached, the company will be worth $128.70 million more. Double tops are rare but powerful chart patterns.

It is 0.00% or $0 reaching $24 per share. It is down 79.62% since June 19, 2016 and is uptrending. It has outperformed by 62.92% the S&P500.

Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) Ratings Coverage

Among 2 analysts covering IRSA Inversiones (NYSE:IRS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. IRSA Inversiones had 4 analyst reports since August 11, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, August 11 by Morgan Stanley. The company was upgraded on Monday, September 7 by Zacks. The rating was upgraded by Morgan Stanley to “Overweight” on Wednesday, November 23. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, July 21 report.

Another recent and important Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) news was published by Benzinga.com which published an article titled: “40 Big Brands Likely Returning To Argentina With The Government Change” on December 08, 2015.

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