A Reversal for The Liberty Braves Group (BATRA) Is Not Near. The Formed Bearish Multiple Bottom Chart Pattern

February 15, 2018 - By Ellis Scott

The stock of The Liberty Braves Group (BATRA) shows a multiple bottoms pattern with $21.82 target or 5.00 % below today’s $22.97 share price. The 5 months chart pattern indicates high risk for the $1.11B company. It was reported on Feb, 15 by Finviz.com. If the $21.82 price target is reached, the company will be worth $55.45 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.57% or $0.13 during the last trading session, reaching $22.97. About 17,715 shares traded. The Liberty Braves Group (NASDAQ:BATRA) has risen 47.84% since February 15, 2017 and is uptrending. It has outperformed by 31.14% the S&P500.

More news for The Liberty Braves Group (NASDAQ:BATRA) were recently published by: Seekingalpha.com, which released: “Liberty Braves: Buy 1 Business Get 2 For Free” on February 28, 2017. Forbes.com‘s article titled: “How (And Why) To Buy A Piece Of The Atlanta Braves” and published on April 12, 2017 is yet another important article.

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