After Forming Double Bottom Chart Pattern, Is PowerShares S&P SlCp Mls Ptfo (PSCM)’s Near-Term Analysis Negative?

September 17, 2017 - By Dolores Ford

The chart of PowerShares S&P SlCp Mls Ptfo (PSCM) shows a double bottom with $43.71 target or 6.00 % below today’s $46.50 share price. The 8 months chart pattern indicates high risk for the $44.17M company. It was reported on Sep, 17 by If the $43.71 price target is reached, the company will be worth $2.65M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.49% or $0.23 on September 15, reaching $46.5. About 577 shares traded. PowerShares S&P SlCp Mls Ptfo (NASDAQ:PSCM) has risen 28.35% since September 17, 2016 and is uptrending. It has outperformed by 11.65% the S&P500.

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