Does This Provide a Reason to Sell Cinedigm Corp. (CIDM)? The Stock Has Formed Double Bottom Chart Pattern

March 14, 2018 - By Henry Gaston

The chart of Cinedigm Corp. (CIDM) shows a double bottom with $1.24 target or 7.00 % below today’s $1.33 share price. The 5 months chart pattern indicates high risk for the $46.48 million company. It was reported on Mar, 14 by If the $1.24 price target is reached, the company will be worth $3.25M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.01% or $0.0001 during the last trading session, reaching $1.3301. About 29,075 shares traded. Cinedigm Corp. (NASDAQ:CIDM) has risen 29.23% since March 14, 2017 and is uptrending. It has outperformed by 12.53% the S&P500.

More notable recent Cinedigm Corp. (NASDAQ:CIDM) news were published by: which released: “Cinedigm Corp. Announces 1-for-10 Reverse Stock Split” on May 09, 2016, also with their article: “Cinedigm’s Focus On OTT Is The Future” published on November 30, 2016, published: “Cinedigm Announces Third Quarter Fiscal 2018 Financial Results” on February 14, 2018. More interesting news about Cinedigm Corp. (NASDAQ:CIDM) were released by: and their article: “Cinedigm (CIDM) Reports Acquisition of North American Distribution Rights to …” published on February 22, 2018 as well as‘s news article titled: “Cinedigm’s (CIDM) CEO Chris McGurk on Q2 2018 Results – Earnings Call Transcript” with publication date: November 17, 2017.

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