NASDAQ:APEN', 'Apollo Endosurgery Inc.', 'http://kldaily.com/kl-logo.png');

Could Apollo Endosurgery, Inc. (APEN) Decrease Even More? The Stock Formed Multiple Bottom Chart Pattern

December 8, 2017 - By Winifred Garcia

The stock of Apollo Endosurgery, Inc. (APEN) shows a multiple bottoms pattern with $3.98 target or 9.00 % below today’s $4.37 share price. The 6 months chart pattern indicates high risk for the $75.56M company. It was reported on Dec, 8 by Finviz.com. If the $3.98 price target is reached, the company will be worth $6.80M 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 9.25% or $0.37 during the last trading session, reaching $4.37. About 122,179 shares traded. Apollo Endosurgery, Inc. (NASDAQ:APEN) has declined 51.87% since December 8, 2016 and is downtrending. It has underperformed by 68.57% the S&P500.

Analysts await Apollo Endosurgery, Inc. (NASDAQ:APEN) to report earnings on March, 14. They expect $-0.29 EPS, up 99.17 % or $34.72 from last year’s $-35.01 per share. After $-0.32 actual EPS reported by Apollo Endosurgery, Inc. for the previous quarter, Wall Street now forecasts -9.38 % EPS growth.

More notable recent Apollo Endosurgery, Inc. (NASDAQ:APEN) news were published by: Seekingalpha.com which released: “Apollo Endosurgery’s (APEN) CEO Todd Newton on Q2 2017 Results – Earnings Call …” on August 06, 2017, also Businesswire.com with their article: “Apollo Endosurgery, Inc. Reports First Quarter 2017 Results” published on May 04, 2017, Businesswire.com published: “Apollo Endosurgery Provides Update and Clarity to FDA Letter to Health Care …” on August 11, 2017. More interesting news about Apollo Endosurgery, Inc. (NASDAQ:APEN) were released by: Seekingalpha.com and their article: “Apollo Endosurgery’s (APEN) CEO Todd Newton on Q3 2017 Results – Earnings Call …” published on October 28, 2017 as well as Streetinsider.com‘s news article titled: “Apollo Endosurgery (APEN) Announces FDA Clearance for OverStitch Sx Endoscopic …” with publication date: November 27, 2017.

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