Some Traders Are Very Bullish on Loop Industries, Inc. (LOOP) After Forming Bullish Double Top

February 15, 2018 - By Henry Gaston

The chart of Loop Industries, Inc. (LOOP) shows a double top with $15.23 target or 5.00 % above today’s $14.50 share price. The 8 months chart pattern indicates low risk for the $475.70M company. It was reported on Feb, 15 by Finviz.com. If the $15.23 price target is reached, the company will be worth $23.79 million more. Double tops are rare but powerful chart patterns.

The stock decreased 2.68% or $0.4 during the last trading session, reaching $14.5. About 4,813 shares traded. Loop Industries, Inc. (NASDAQ:LOOP) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

More notable recent Loop Industries, Inc. (NASDAQ:LOOP) news were published by: Businesswire.com which released: “Loop Industries Announces Agreement to Purchase Site for its First …” on October 04, 2017, also Globenewswire.com with their article: “Loop Industries Announces Net Loss of $6.7 million for the Third Quarter 2018 …” published on January 12, 2018, Globenewswire.com published: “Loop Industries Announces Strategic Initiative to Support evian’s Commitment …” on January 18, 2018. More interesting news about Loop Industries, Inc. (NASDAQ:LOOP) were released by: Globenewswire.com and their article: “Loop Industries Announces Appointment of Shaun Higgins to its Board of Directors” published on October 12, 2017 as well as Globenewswire.com‘s news article titled: “Loop Industries Announces Uplisting to The NASDAQ Global Market” with publication date: November 20, 2017.

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