Is Atlassian Corporation Plc (TEAM)’s Fuel Running High? The Stock Formed Bullish Double Top

April 25, 2018 - By Migdalia James

Atlassian Corporation Plc (NASDAQ:TEAM) Logo

The chart of Atlassian Corporation Plc (TEAM) shows a double top with $58.05 target or 4.00 % above today’s $55.82 share price. The 9 months chart pattern indicates low risk for the $12.96 billion company. It was reported on Apr, 25 by Finviz.com. If the $58.05 price target is reached, the company will be worth $518.56 million more. Double tops are rare but powerful chart patterns.

The stock decreased 2.43% or $1.39 during the last trading session, reaching $55.82. About 1.63 million shares traded or 38.34% up from the average. Atlassian Corporation Plc (NASDAQ:TEAM) has risen 82.53% since April 25, 2017 and is uptrending. It has outperformed by 70.98% the S&P500.

Atlassian Corporation Plc (NASDAQ:TEAM) Ratings Chart

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