Is Internet Initiative Japan Inc. (ADR) (IIJI) a Sell? The Stock Formed Head & Shoulders

September 17, 2017 - By Peter Erickson

The stock of Internet Initiative Japan Inc. (ADR) (IIJI) formed H&S with $8.06 target or 8.00 % below today’s $8.76 share price. The 6 months Head & Shoulders indicates high risk for the $844.64 million company. It was reported on Sep, 17 by Faxor.com. If the $8.06 price target is reached, the company will be worth $67.57 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 4.78% or $0.44 on September 15, reaching $8.76. About 4 shares traded. Internet Initiative Japan Inc. (ADR) (NASDAQ:IIJI) has risen 1.68% since September 17, 2016 and is uptrending. It has underperformed by 15.02% the S&P500.

Another recent and important Internet Initiative Japan Inc. (ADR) (NASDAQ:IIJI) news was published by Quotes.Wsj.com which published an article titled: “Internet Initiative Japan Inc. ADR” on February 13, 2011.

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