Avianca Holdings S.A. (AVH) Stock Formed Bearish Double Bottom Chart Pattern. What To Expect?

November 10, 2018 - By olga

Avianca Holdings S.A. (NYSE:AVH) Logo

The chart of Avianca Holdings S.A. (AVH) shows a double bottom with $5.10 target or 4.00 % below today’s $5.31 share price. The 7 months chart pattern indicates high risk for the $5.29 billion company. It was reported on Nov, 10 by If the $5.10 price target is reached, the company will be worth $211.76 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.56% or $0.03 during the last trading session, reaching $5.31. About 54,441 shares traded. Avianca Holdings S.A. (NYSE:AVH) has declined 34.49% since November 10, 2017 and is downtrending. It has underperformed by 50.11% the S&P500.

Analysts await Avianca Holdings S.A. (NYSE:AVH) to report earnings on November, 13. They expect $0.23 EPS, down 25.81 % or $0.08 from last year’s $0.31 per share. AVH’s profit will be $229.31M for 5.77 P/E if the $0.23 EPS becomes a reality. After $-0.30 actual EPS reported by Avianca Holdings S.A. for the previous quarter, Wall Street now forecasts -176.67 % EPS growth.

Avianca Holdings S.A., through its subsidiaries, provides air transportation services in North America, Central America, the Caribbean, Colombia, South America, and internationally. The company has market cap of $5.29 billion. It offers passenger and cargo air transportation services; and aircraft maintenance, crew training, and other airport services to other carriers, as well as travel-related services to its customers. It currently has negative earnings. The firm is also involved in ground activities for third??party airlines in airport hubs, and aircraft leasing activities; and operates LifeMiles, a frequent flyer program.

Avianca Holdings S.A. (NYSE:AVH) Ratings Chart

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