What’s Propelling IXYS Corporation (IXYS) to Increase? The Stock Formed a Bullish Double Top Pattern

December 7, 2017 - By Stephen Andrade

The chart of IXYS Corporation (IXYS) shows a double top with $25.52 target or 7.00 % above today’s $23.85 share price. The 8 months chart pattern indicates low risk for the $781.54M company. It was reported on Dec, 7 by Finviz.com. If the $25.52 price target is reached, the company will be worth $54.71M more. Double tops are rare but powerful chart patterns.

The stock increased 1.06% or $0.25 during the last trading session, reaching $23.85. About 175,900 shares traded. IXYS Corporation (NASDAQ:IXYS) has risen 45.83% since December 7, 2016 and is uptrending. It has outperformed by 29.13% the S&P500.

More notable recent IXYS Corporation (NASDAQ:IXYS) news were published by: Prnewswire.com which released: “Monteverde & Associates PC Files Class Action Lawsuit On Behalf Of …” on November 22, 2017, also Prnewswire.com with their article: “Lifshitz & Miller LLP Announces Investigation of Ansys, Inc., Broadcom Limited …” published on November 11, 2017, Fool.com published: “Why Shares of IXYS Corp. Are Surging Today” on August 28, 2017. More interesting news about IXYS Corporation (NASDAQ:IXYS) were released by: Globenewswire.com and their article: “IXYS Introduces a New 6kV Rectifier with Record Current Rating for Ultra-High …” published on November 14, 2017 as well as Globenewswire.com‘s news article titled: “IXYS Introduces the IXRFDSM607X2 15A RF MOSFET Driver for High Frequency …” with publication date: November 21, 2017.

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