Elbit Imaging Ltd (EMITF)

[midastouch017]

The stock of Elbit Imaging Ltd (EMITF) shows a multiple tops pattern with $7.33 target or 88.00% above today’s $3.90 share price. The 6 months chart pattern indicates low risk for the $34.55M company. It was reported on Oct, 13 by Finviz.com. If the $7.33 price target is reached, the company will be worth $30.40 million 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%. About 9,278 shares traded hands. Elbit Imaging Ltd (NASDAQ:EMITF) has risen 44.81% since March 10, 2016 and is uptrending. It has outperformed by 37.30% the S&P500.

http://www.chesterindependent.com/2016/10/13/chart-pattern-elbit-imaging-ltd-could-help-your-portfolio-the-stock-formed-bullish-multiple-top-pattern/

FWIW