Traders Are Bullish Hunter Maritime Acquisition Corp. Units (HUNTU) After The Stock Formed Double Top Chart Pattern

The chart of Hunter Maritime Acquisition Corp. Units (HUNTU) shows a double top with $10.38 target or 3.00 % above today’s $10.08 share price. The 9 months chart pattern indicates low risk for the $38.23 million company. It was reported on Dec, 2 by Finviz.com. If the $10.38 price target is reached, the company will be worth $1.15 million more. Double tops are rare but powerful chart patterns.

It closed at $10.08 lastly. It is up 0.00% since December 2, 2017 and is . It has underperformed by 15.62% the S&P500.

More news for Hunter Maritime Acquisition Corp. Units (NASDAQ:HUNTU) were recently published by: Nasdaq.com, which released: “Bulk up: Blank check company Hunter Maritime Acquisition files for a $150 million US IPO – Nasdaq” on October 11, 2016. Nasdaq.com‘s article titled: “Ship SPAC Hunter Maritime Acquisition prices $150 million IPO at $10 – Nasdaq” and published on November 18, 2016 is yet another important article.

Hunter Maritime Acquisition Corp. does not have significant operations. The company has market cap of $38.23 million. The firm intends to operate in the international maritime shipping industry. It has a 61.84 P/E ratio. It focuses on acquiring vessels, vessel contracts, or one or more operating businesses through a merger, capital stock exchange, asset acquisition, debt acquisition, stock purchase, reorganization, or other similar business combination.

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