Could Live Ventures Incorporated (LIVE) Recover After Forming a Bearish Double Bottom?

Live Ventures Incorporated (NASDAQ:LIVE) Logo

The chart of Live Ventures Incorporated (LIVE) shows a double bottom with $7.71 target or 9.00 % below today’s $8.47 share price. The 9 months chart pattern indicates high risk for the $16.60 million company. It was reported on Dec, 2 by Finviz.com. If the $7.71 price target is reached, the company will be worth $1.49 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 2.64% or $0.23 during the last trading session, reaching $8.47. About 2,355 shares traded. Live Ventures Incorporated (NASDAQ:LIVE) has declined 6.60% since December 2, 2017 and is downtrending. It has underperformed by 22.22% the S&P500.

More notable recent Live Ventures Incorporated (NASDAQ:LIVE) news were published by: Nasdaq.com which released: “Disney’s Direct-to-Consumer Investment Is Just Getting Started – Nasdaq” on November 13, 2018, also Nasdaq.com with their article: “Orgenesis CEO Vered Caplan to Appear Live Today on ‘Midday Movers’ on Yahoo Finance – Nasdaq” published on November 02, 2018, Nasdaq.com published: “Will Solid Live Streaming Revenues Boost YY’s Q3 Earnings? – Nasdaq” on November 07, 2018. More interesting news about Live Ventures Incorporated (NASDAQ:LIVE) were released by: Nasdaq.com and their article: “First Horizon Foundation’s Grant Process Live – Nasdaq” published on November 13, 2018 as well as Nasdaq.com‘s news article titled: “NioCorp To Host Live Webcast Following Its 2018 Annual Meeting – Nasdaq” with publication date: November 29, 2018.

Live Ventures Incorporated, a holding company, engages in the acquisition of companies in various industries in the United States. The company has market cap of $16.60 million. The firm operates through three divisions: Manufacturing, Marketplace Platform, and Services. It has a 4.58 P/E ratio. The Manufacturing segment makes and markets carpets and rugs, and yarn products to approximately 2,000 carpet dealers focusing on the residential, niche commercial, and hospitality end-markets, as well as resells hard surface flooring products.

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