Is Corporación América Airports S.A. (CAAP)’s Fuel Running Low? The Stock Formed Double Bottom

April 22, 2018 - By Henry Gaston

The chart of Corporación América Airports S.A. (CAAP) shows a double bottom with $12.13 target or 5.00 % below today’s $12.77 share price. The 8 months chart pattern indicates high risk for the $2.04 billion company. It was reported on Apr, 22 by Finviz.com. If the $12.13 price target is reached, the company will be worth $102.15 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.87% or $0.11 during the last trading session, reaching $12.77. About 163,127 shares traded. Corporación América Airports S.A. (NYSE:CAAP) has 0.00% since April 22, 2017 and is . It has underperformed by 11.55% the S&P500.