Could Alliance One International, Inc. (AOI) See a Reversal After Having Formed Several Months Bullish Double Top

June 24, 2018 - By reb123z

The chart of Alliance One International, Inc. (AOI) shows a double top with $17.77 target or 9.00 % above today’s $16.30 share price. The 9 months chart pattern indicates low risk for the $147.07M company. It was reported on Jun, 24 by Finviz.com. If the $17.77 price target is reached, the company will be worth $13.24M more. Double tops are rare but powerful chart patterns.

The stock increased 4.49% or $0.7 during the last trading session, reaching $16.3. About 1.03M shares traded or 402.58% up from the average. Alliance One International, Inc. (NYSE:AOI) has risen 86.85% since June 24, 2017 and is uptrending. It has outperformed by 74.28% the S&P500.

More recent Alliance One International, Inc. (NYSE:AOI) news were published by: Nasdaq.com which released: “Finacity & DZ Bank Renew a Receivables Securitization of up to USD 125 million for Alliance One International (NYSE …” on June 08, 2018. Also Investorplace.com published the news titled: “Top 20 Vice Stocks for ‘Sinful’ Gains” on June 05, 2018. Bizjournals.com‘s news article titled: “How Canada’s marijuana legislation boosts Morrisville company’s initiative” with publication date: June 20, 2018 was also an interesting one.

Alliance One International, Inc. purchases, processes, packs, stores, and ships leaf tobacco for manufacturers of cigarettes and other consumer tobacco products worldwide. The company has market cap of $147.07 million. It operates through North America and Other Regions divisions. It has a 2.81 P/E ratio. The firm is involved in processing and selling flue-cured, burley, and oriental tobaccos that are used in international brand cigarettes.

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