Bullish Chart Formation for ILG, Inc. (ILG) After Forming Wedge Up

February 15, 2018 - By Vivian Currie

The stock of ILG, Inc. (ILG) formed an up wedge with $33.93 target or 8.00 % above today’s $31.42 share price. The 9 months wedge indicates low risk for the $3.90B company. If the $33.93 price target is reached, the company will be worth $311.84M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.16% or $0.05 during the last trading session, reaching $31.42. About 1.35 million shares traded or 24.49% up from the average. ILG, Inc. (NASDAQ:ILG) has risen 97.56% since February 15, 2017 and is uptrending. It has outperformed by 80.86% the S&P500.

Analysts await ILG, Inc. (NASDAQ:ILG) to report earnings on February, 27. They expect $0.26 EPS, down 45.83 % or $0.22 from last year’s $0.48 per share. ILG’s profit will be $32.26 million for 30.21 P/E if the $0.26 EPS becomes a reality. After $0.28 actual EPS reported by ILG, Inc. for the previous quarter, Wall Street now forecasts -7.14 % negative EPS growth.

More news for ILG, Inc. (NASDAQ:ILG) were recently published by: Businesswire.com, which released: “ILG Confirms Receipt of Director Nominations from FrontFour Capital” on January 29, 2018. Nasdaq.com‘s article titled: “Notable Tuesday Option Activity: PCLN, AMZN, ILG” and published on February 13, 2018 is yet another important article.

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