Is Mizuho Financial Group, Inc. (MFG)’s Fuel Running Low? The Stock Formed Double Bottom

November 10, 2018 - By Nellie Frank

Mizuho Financial Group, Inc. (NYSE:MFG) Logo

The chart of Mizuho Financial Group, Inc. (MFG) shows a double bottom with $3.13 target or 9.00 % below today’s $3.44 share price. The 5 months chart pattern indicates high risk for the $43.77B company. It was reported on Nov, 10 by Finviz.com. If the $3.13 price target is reached, the company will be worth $3.94B less. Double bottoms are rare but powerful chart patterns.

It closed at $3.44 lastly. It is up 0.87% since November 10, 2017 and is uptrending. It has underperformed by 14.75% the S&P500.

Another recent and important Mizuho Financial Group, Inc. (NYSE:MFG) news was published by Globenewswire.com which published an article titled: “Mizuho Hires Darlene Pasquill to Head Equity Division” on October 24, 2018.

Mizuho Financial Group, Inc. engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, and Asia/Oceania. The company has market cap of $43.77 billion. It operates through five divisions: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company. It has a 7.75 P/E ratio. The firm provides deposits; syndicated, housing, and card loans; business matching services; and advisory services related to overseas expansions, and mergers and acquisitions-related services.

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