GWG Holdings Inc (GWGH) Can’t Be Less Risky. The Stock Formed a Bullish Double Top Pattern

September 17, 2017 - By Adrian Erickson

Investors sentiment decreased to 1 in 2016 Q4. Its down 1.00, from 2 in 2016Q3. It worsened, 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.
Moreover, Royal Comml Bank Of Canada has 0% invested in GWG Holdings Inc (NASDAQ:GWGH). Moreover, Deutsche Financial Bank Ag has 0% invested in GWG Holdings Inc (NASDAQ:GWGH) for 53 shares. Creative Planning holds 0% in GWG Holdings Inc (NASDAQ:GWGH) or 2,000 shares. Barclays Public Ltd accumulated 0% or 4 shares. Blackrock Investment Mngmt Lc stated it has 0% of its portfolio in GWG Holdings Inc (NASDAQ:GWGH). Tower Cap Ltd Co (Trc) accumulated 66 shares. Blackrock Fund Advsr holds 0% or 186 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.

Wall Street await GWG Holdings Inc (NASDAQ:GWGH) to release earnings on November, 14. Analysts forecast earnings per share of $-1.01, down exactly $1.99 or 203.06 % from 2014’s $0.98 EPS. After posting $1.26 EPS for the previous quarter, GWG Holdings Inc’s analysts now forecast -180.16 % negative EPS growth.

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 firm earned “Buy” rating on Friday, December 4 by Roth Capital. The company was maintained on Friday, August 11 by Maxim Group. Roth Capital maintained the stock with “Buy” rating in Monday, August 14 report. TH Capital initiated the shares of GWGH in report on Friday, December 4 with “Buy” rating. As per Thursday, July 21, the company rating was initiated by Maxim Group.

More notable recent GWG Holdings Inc (NASDAQ:GWGH) news were published by: Prnewswire.com which released: “GWG Holdings, Inc. Announces New Key Accounts Team” on February 23, 2015, also Prnewswire.com with their article: “GWG Holdings, Inc. Announces New Offering Of L Bonds, A Publicly Registered …” published on January 09, 2015, Globenewswire.com published: “GWG Holdings to Present at the 2016 Aegis Growth Conference” on September 14, 2016. More interesting news about GWG Holdings Inc (NASDAQ:GWGH) were released by: Globenewswire.com and their article: “GWG Holdings to Report Third Quarter 2016 Financial Results” published on October 25, 2016 as well as Seekingalpha.com‘s news article titled: “GWG Holdings: A Bizarre Borrowing From Peter To Pay Paul Business Model” with publication date: January 31, 2015.

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