Bearish Chart Formation for Cool Holdings, Inc. (AWSM) After Forming Double Bottom Pattern

October 2, 2018 - By Linda Rogers

The chart of Cool Holdings, Inc. (AWSM) shows a double bottom with $11.16 target or 3.00 % below today’s $11.50 share price. The 6 months chart pattern indicates high risk for the $81.50M company. It was reported on Oct, 2 by Finviz.com. If the $11.16 price target is reached, the company will be worth $2.44M less. Double bottoms are rare but powerful chart patterns.

The stock increased 2.04% or $0.23 during the last trading session, reaching $11.5. About 438,537 shares traded. Cool Holdings, Inc. (NASDAQ:AWSM) has declined 54.26% since October 2, 2017 and is downtrending. It has underperformed by 69.88% the S&P500.

More recent Cool Holdings, Inc. (NASDAQ:AWSM) news were published by: Benzinga.com which released: “51 Biggest Movers From Yesterday” on September 28, 2018. Also Benzinga.com published the news titled: “52 Biggest Movers From Friday” on September 24, 2018. Benzinga.com‘s news article titled: “24 Stocks Moving In Monday’s Pre-Market Session” with publication date: September 24, 2018 was also an interesting one.

Cool Holdings, Inc. manufactures and sells wireless handsets, tablets, and related products to the carriers, distributors, and retailers in Latin America. The company has market cap of $81.50 million. The firm sells its products under the verykool brand. It currently has negative earnings. It operates OneClick store located in the El Solar Shopping district in Buenos Aires, Argentina.

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