Does This Provide a Reason to Sell Bridgeline Digital, Inc. (BLIN)? The Stock Has Formed Bearish Double Bottom Chart Pattern

January 19, 2018 - By Kurt Siggers

The chart of Bridgeline Digital, Inc. (BLIN) shows a double bottom with $2.48 target or 3.00 % below today’s $2.55 share price. The 5 months chart pattern indicates high risk for the $10.73M company. It was reported on Jan, 19 by Finviz.com. If the $2.48 price target is reached, the company will be worth $321,810 less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.64% or $0.016 during the last trading session, reaching $2.554. About 13,515 shares traded. Bridgeline Digital, Inc. (NASDAQ:BLIN) has declined 24.66% since January 19, 2017 and is downtrending. It has underperformed by 41.36% the S&P500.

More notable recent Bridgeline Digital, Inc. (NASDAQ:BLIN) news were published by: Globenewswire.com which released: “Bridgeline Digital Launches Websites for Marine Navigation Aids Manufacturer …” on January 03, 2018, also Investorplace.com with their article: “3 Stocks to Watch on Wednesday: Bridgeline Digital Inc (BLIN), Rev Group Inc …” published on December 20, 2017, Globenewswire.com published: “National Industrial Materials Manufacturer Selects Bridgeline Digital to Power …” on June 29, 2017. More interesting news about Bridgeline Digital, Inc. (NASDAQ:BLIN) were released by: Globenewswire.com and their article: “Bridgeline Digital Partners with AARP International to Launch New Website” published on January 17, 2018 as well as Streetinsider.com‘s news article titled: “Form 8-K Bridgeline Digital, Inc. For: Jan 17” with publication date: January 17, 2018.

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