Altaba Inc. (AABA) on Focus After Forming Wedge Up

December 7, 2017 - By Marry Poplack

The stock of Altaba Inc. (AABA) formed an up wedge with $76.54 target or 9.00 % above today’s $70.22 share price. The 9 months wedge indicates low risk for the $61.33 billion company. If the $76.54 price target is reached, the company will be worth $5.52B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.17% or $0.81 during the last trading session, reaching $70.22. About 6.74M shares traded. Altaba Inc. (NASDAQ:AABA) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

More important recent Altaba Inc. (NASDAQ:AABA) news were published by: Fool.com which released: “What Is Altaba Inc. Up To?” on November 21, 2017, also Nasdaq.com published article titled: “Howard Marks Buys Altaba Inc, Vale SA, Crown Castle International Corp, Sells …”, Nasdaq.com published: “Steven Cohen Buys Time Warner Inc, Altaba Inc, Amazon.com Inc, Sells Visa Inc …” on November 30, 2017. More interesting news about Altaba Inc. (NASDAQ:AABA) was released by: Seekingalpha.com and their article: “Alibaba: Underperforming Altaba With More Risk.” with publication date: November 29, 2017.

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