Some Traders Are Very Bearish on Comstock Holding Companies Inc (CHCI) After Forming Bearish Double Bottom Chart Pattern

June 19, 2017 - By Louis Casey

The chart of Comstock Holding Companies Inc (CHCI) shows a double bottom with $1.82 target or 9.00 % below today’s $2.00 share price. The 5 months chart pattern indicates high risk for the $6.80 million company. It was reported on Jun, 19 by Finviz.com. If the $1.82 price target is reached, the company will be worth $612,000 less. Double bottoms are rare but powerful chart patterns.

About shares traded. Comstock Holding Companies Inc (NASDAQ:CHCI) has risen 6.97% since June 19, 2016 and is uptrending. It has underperformed by 9.73% the S&P500.

More notable recent Comstock Holding Companies Inc (NASDAQ:CHCI) news were published by: Businesswire.com which released: “Comstock Holding Companies Announces 1-for-7 Reverse Share Split” on September 25, 2015, also Prnewswire.com with their article: “Comstock Opens Model In Old Town Alexandria” published on May 31, 2017, Seekingalpha.com published: “Is Comstock Homebuilders Ready To ‘Spring’?” on March 25, 2014. More interesting news about Comstock Holding Companies Inc (NASDAQ:CHCI) were released by: Reuters.com and their article: “BRIEF-Comstock Holding Companies reports Q1 earnings of $0.08/shr” published on May 15, 2017 as well as Businesswire.com‘s news article titled: “Comstock Holding Companies Appoints Joseph M. Squeri to the Board of Directors” with publication date: October 23, 2015.

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