Could CombiMatrix Corp (CBMX) See a Reversal After Having Formed Several Months H&S Chart Pattern

July 26, 2017 - By Maria Brooks

The stock of CombiMatrix Corp (CBMX) formed H&S with $5.37 target or 9.00 % below today’s $5.90 share price. The 7 months Head & Shoulders indicates high risk for the $17.63M company. It was reported on Jul, 26 by Faxor.com. If the $5.37 price target is reached, the company will be worth $1.59 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 increased 2.61% or $0.15 during the last trading session, reaching $5.9. About shares traded. CombiMatrix Corp (NASDAQ:CBMX) has risen 85.48% since July 26, 2016 and is uptrending. It has outperformed by 68.78% the S&P500.

Analysts expect CombiMatrix Corp (NASDAQ:CBMX) to report $-0.17 EPS on August, 2.They anticipate $0.72 EPS change or 80.90 % from last quarter’s $-0.89 EPS. After having $-0.19 EPS previously, CombiMatrix Corp’s analysts see -10.53 % EPS growth.

More notable recent CombiMatrix Corp (NASDAQ:CBMX) news were published by: Streetinsider.com which released: “Aegis Capital Starts Combimatrix Corp. (CBMX) at Buy” on July 13, 2017, also Globenewswire.com with their article: “CombiMatrix Corporation Reports 2016 Fourth Quarter and Full Year Financial …” published on February 22, 2017, Quotes.Wsj.com published: “CombiMatrix Corp.” on February 11, 2011. More interesting news about CombiMatrix Corp (NASDAQ:CBMX) were released by: Marketwatch.com and their article: “6.145” published on February 24, 2011 as well as Seekingalpha.com‘s news article titled: “CombiMatrix: A Turnaround Story For 2014” with publication date: January 22, 2014.

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