Will CONSOL Energy Inc. (CEIX) Short Squeeze Soon? The Stock Formed a Multiple Top Pattern

The stock of CONSOL Energy Inc. (CEIX) shows a multiple tops pattern with $36.77 target or 7.00 % above today’s $34.36 share price. The 7 months chart pattern indicates low risk for the $954.45M company. It was reported on Dec, 2 by Finviz.com. If the $36.77 price target is reached, the company will be worth $66.81M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.55% or $0.19 during the last trading session, reaching $34.36. About 406,484 shares traded or 10.44% up from the average. CONSOL Energy Inc. (NYSE:CEIX) has 0.00% since December 2, 2017 and is . It has underperformed by 15.62% the S&P500.

More notable recent CONSOL Energy Inc. (NYSE:CEIX) news were published by: Seekingalpha.com which released: “CONSOL Energy Inc (CEIX) CEO Jimmy Brock on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on November 01, 2018, also Benzinga.com with their article: “Greenlight’s Q4 Letter Reveals Another Tough Quarter For David Einhorn – Benzinga” published on January 16, 2018, Bizjournals.com published: “Permit for new Consol mine could be submitted next month – Pittsburgh Business Times” on August 07, 2018. More interesting news about CONSOL Energy Inc. (NYSE:CEIX) were released by: Zacks.com and their article: “4 Reasons to Add CONSOL Energy (CEIX) to Your Portfolio – Zacks.com” published on August 23, 2018 as well as Globenewswire.com‘s news article titled: “New Research Coverage Highlights Clipper Realty, Stifel Financial, DSP Group, Franklin Covey, BP Midstream Partners LP, and Consol Energy — Consolidated Revenues, Company Growth, and Expectations for 2018 – GlobeNewswire” with publication date: November 20, 2018.

CONSOL Energy Inc. produces and exports bituminous thermal and crossover metallurgical coal. The company has market cap of $954.45 million. The firm owns and operates its mining activities in the Northern Appalachian Basin. It has a 11.66 P/E ratio. The Company’s flagship operation is the Pennsylvania Mining Complex , which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.

CONSOL Energy Inc. (NYSE:CEIX) Ratings Chart

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