What’s Propelling O2Micro International Limited (OIIM) to Increase? The Stock Formed a Bullish Double Top Pattern

November 10, 2018 - By Louis Casey

The chart of O2Micro International Limited (OIIM) shows a double top with $1.84 target or 8.00 % above today’s $1.70 share price. The 7 months chart pattern indicates low risk for the $44.25M company. It was reported on Nov, 10 by Finviz.com. If the $1.84 price target is reached, the company will be worth $3.54M more. Double tops are rare but powerful chart patterns.

The stock decreased 1.16% or $0.02 during the last trading session, reaching $1.7. About 18,119 shares traded. O2Micro International Limited (NASDAQ:OIIM) has risen 25.86% since November 10, 2017 and is uptrending. It has outperformed by 10.24% the S&P500.

More news for O2Micro International Limited (NASDAQ:OIIM) were recently published by: Globenewswire.com, which released: “O2Micro Reports Third Quarter 2018 Financial Results” on October 31, 2018. Seekingalpha.com‘s article titled: “O2Micro International’s (OIIM) CEO Sterling Du on Q3 2018 Results – Earnings Call Transcript” and published on October 31, 2018 is yet another important article.

O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems. The company has market cap of $44.25 million. It provides analog and mixed-signal integrated circuits that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources. It has a 8.17 P/E ratio. The company's products are primarily used in the consumer electronics, computer, industrial, communication, and automotive markets for applications, including LCD and LED monitors, LCD and LED televisions, notebook and tablet computers, low/zero emission vehicles, mobile phones, power tools, energy efficient technology relating to batteries, LED lighting, and portable electronics devices.

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