JMU Ltd- ADR (JMU)’s Stock Formed A Several Months Double Bottom Chart Pattern

September 17, 2017 - By Adrian Mccoy

The chart of JMU Ltd- ADR (JMU) shows a double bottom with $1.58 target or 7.00 % below today’s $1.70 share price. The 7 months chart pattern indicates high risk for the $139.37M company. It was reported on Sep, 17 by Finviz.com. If the $1.58 price target is reached, the company will be worth $9.76 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 2.30% or $0.04 on September 15, reaching $1.7. About 23,560 shares traded. JMU Ltd- ADR (NASDAQ:JMU) has declined 56.43% since September 17, 2016 and is downtrending. It has underperformed by 73.13% the S&P500.

More news for JMU Ltd- ADR (NASDAQ:JMU) were recently published by: Marketwatch.com, which released: “1.75” on June 16, 2016. Quotes.Wsj.com‘s article titled: “JMU Ltd. ADR” and published on June 09, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.