Could Global Brokerage, Inc. (GLBR) Decrease Even More? The Stock Formed Double Bottom Chart Pattern

April 16, 2018 - By Ellis Scott

The chart of Global Brokerage, Inc. (GLBR) shows a double bottom with $0.29 target or 8.00 % below today’s $0.32 share price. The 5 months chart pattern indicates high risk for the $2.64M company. It was reported on Apr, 16 by Finviz.com. If the $0.29 price target is reached, the company will be worth $211,040 less. Double bottoms are rare but powerful chart patterns.

The stock decreased 2.97% or $0.01 during the last trading session, reaching $0.32. About 1,669 shares traded. Global Brokerage, Inc. (OTCMKTS:GLBR) has declined 85.78% since April 16, 2017 and is downtrending. It has underperformed by 97.33% the S&P500.

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