What Will Happen to GWG Holdings Inc (GWGH) Next? The Stock Formed a Several Months Double Top Chart Pattern

September 17, 2017 - By Kurt Siggers

Investors sentiment decreased to 1 in 2016 Q4. Its down 1.00, from 2 in 2016Q3. It dived, as 1 investors sold GWG Holdings Inc shares while 2 reduced holdings. 3 funds opened positions while 0 raised stakes. 7,800 shares or 0.10% less from 7,808 shares in 2016Q3 were reported.
Blackrock Fund has invested 0% in GWG Holdings Inc (NASDAQ:GWGH). 66 were accumulated by Tower Rech Cap Ltd Llc (Trc). Creative Planning owns 2,000 shares for 0% of their portfolio. Deutsche Natl Bank Ag holds 53 shares. Blackrock Inv Management Limited Com accumulated 178 shares. Barclays Public Ltd Co stated it has 4 shares. Royal State Bank Of Canada invested in 0% or 5,313 shares.

The chart of GWG Holdings Inc (GWGH) shows a double top with $10.56 target or 3.00 % above today’s $10.25 share price. The 5 months chart pattern indicates low risk for the $59.28 million company. It was reported on Sep, 17 by Finviz.com. If the $10.56 price target is reached, the company will be worth $1.78M more. Double tops are rare but powerful chart patterns.

The stock increased 0.22% or $0.02 on September 15, reaching $10.25. About 2,213 shares traded. GWG Holdings Inc (NASDAQ:GWGH) has risen 112.01% since September 17, 2016 and is uptrending. It has outperformed by 95.31% the S&P500.

Investors wait GWG Holdings Inc (NASDAQ:GWGH) to report on November, 14. its quarterly earnings Wall Street analysts expect $-1.01 EPS, down $1.99 or 203.06 % from last year’s $0.98 same quarter earnings. GWG Holdings Inc’s Wall Street analysts see -180.16 % negative EPS growth, taking into account the $1.26 EPS reproted in the previous quarter,

GWG Holdings Inc (NASDAQ:GWGH) Ratings Coverage

Among 3 analysts covering GWG (NASDAQ:GWGH), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GWG had 5 analyst reports since December 4, 2015 according to SRatingsIntel. The company was maintained on Monday, August 14 by Roth Capital. Maxim Group initiated the shares of GWGH in report on Thursday, July 21 with “Buy” rating. The rating was initiated by TH Capital with “Buy” on Friday, December 4. Roth Capital initiated the stock with “Buy” rating in Friday, December 4 report. Maxim Group maintained the shares of GWGH in report on Friday, August 11 with “Buy” rating.

More notable recent GWG Holdings Inc (NASDAQ:GWGH) news were published by: Prnewswire.com which released: “GWG Holdings, Inc. Announces New Offering Of L Bonds, A Publicly Registered …” on January 09, 2015, also Globenewswire.com with their article: “GWG Holdings Announces its Exclusive License of Mortality Predictive …” published on May 04, 2017, Globenewswire.com published: “GWG Holdings to Report Third Quarter 2016 Financial Results” on October 25, 2016. More interesting news about GWG Holdings Inc (NASDAQ:GWGH) were released by: Globenewswire.com and their article: “GWG Holdings to Present at the 2016 Aegis Growth Conference” published on September 14, 2016 as well as Quotes.Wsj.com‘s news article titled: “GWG Holdings Inc.” with publication date: July 27, 2014.

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