Leisure Acquisition Corp. (LACQ) Stock Faces Lower Risks Forward After Forming Double Top

October 2, 2018 - By Clifton Ray

The chart of Leisure Acquisition Corp. (LACQ) shows a double top with $10.62 target or 9.00 % above today’s $9.74 share price. The 9 months chart pattern indicates low risk for the $58.54M company. It was reported on Oct, 2 by Finviz.com. If the $10.62 price target is reached, the company will be worth $5.27 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.41% or $0.04 during the last trading session, reaching $9.74. About 300 shares traded. Leisure Acquisition Corp. (NASDAQ:LACQ) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Leisure Acquisition Corp. intends to acquire businesses or assets through merger, capital stock exchange, stock purchase, reorganization, and business combination. The company has market cap of $58.54 million.

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