Aoxin Tianli Group Inc (ABAC) Stock Faces Lower Risks Forward After Forming Bullish Inverse H&S Chart Pattern

September 17, 2017 - By Kurt Siggers

The stock of Aoxin Tianli Group Inc (ABAC) formed H&SI with $2.47 price target or 5.00 % above the current $2.35 share price. The 9 months Head & Shoulders Inverse reveals low risk for the $18.76M company. This trade was featured by Faxor.com on Sep, 17. If the $2.47 target price is reached, the company’s valuation will be $938,000 more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock increased 10.33% or $0.22 on September 15, reaching $2.35. About 17,513 shares traded or 65.48% up from the average. Aoxin Tianli Group Inc (NASDAQ:ABAC) has declined 16.20% since September 17, 2016 and is downtrending. It has underperformed by 32.90% the S&P500.

More important recent Aoxin Tianli Group Inc (NASDAQ:ABAC) news were published by: Prnewswire.com which released: “Tianli Agritech, Inc. Announces Change of Corporate Name and Ticker Symbol” on July 28, 2014, also Investorplace.com published article titled: “8 Food Products Stocks to Buy Now”, Quotes.Wsj.com published: “Aoxin Tianli Group Inc.” on August 09, 2014. More interesting news about Aoxin Tianli Group Inc (NASDAQ:ABAC) was released by: Prnewswire.com and their article: “Aoxin Tianli Group, Inc. Announces Reverse Stock Split” with publication date: September 08, 2016.

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.