Traders Are Bullish Ichor Holdings, Ltd. (ICHR) After The Stock Formed Double Top Chart Pattern

April 18, 2018 - By Peter Erickson

The chart of Ichor Holdings, Ltd. (ICHR) shows a double top with $28.82 target or 9.00 % above today’s $26.44 share price. The 6 months chart pattern indicates low risk for the $694.83M company. It was reported on Apr, 18 by Finviz.com. If the $28.82 price target is reached, the company will be worth $62.53 million more. Double tops are rare but powerful chart patterns.

The stock increased 2.52% or $0.65 during the last trading session, reaching $26.44. About 955,286 shares traded. Ichor Holdings, Ltd. (NASDAQ:ICHR) has risen 37.18% since April 18, 2017 and is uptrending. It has outperformed by 25.63% the S&P500.

Analysts await Ichor Holdings, Ltd. (NASDAQ:ICHR) to report earnings on May, 10. They expect $0.93 EPS, up 63.16 % or $0.36 from last year’s $0.57 per share. ICHR’s profit will be $24.44 million for 7.11 P/E if the $0.93 EPS becomes a reality. After $0.68 actual EPS reported by Ichor Holdings, Ltd. for the previous quarter, Wall Street now forecasts 36.76 % EPS growth.

Ichor Holdings, Ltd. (NASDAQ:ICHR) Ratings Chart

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