Is GWG Holdings Inc (GWGH)’s Fuel Running High? The Stock Formed Bullish Double Top

September 17, 2017 - By Migdalia James

Investors sentiment decreased to 1 in 2016 Q4. Its down 1.00, from 2 in 2016Q3. It dived, as 1 investors sold GWG Holdings Inc shares while 2 reduced holdings. 3 funds opened positions while 0 raised stakes. 7,800 shares or 0.10% less from 7,808 shares in 2016Q3 were reported.
Barclays Public Lc accumulated 4 shares or 0% of the stock. Creative Planning accumulated 2,000 shares or 0% of the stock. Blackrock Fund Advsr reported 186 shares. Blackrock Inv Management Llc invested in 178 shares or 0% of the stock. Moreover, Royal National Bank Of Canada has 0% invested in GWG Holdings Inc (NASDAQ:GWGH) for 5,313 shares. Tower Cap Ltd Liability Corporation (Trc) holds 0% of its portfolio in GWG Holdings Inc (NASDAQ:GWGH) for 66 shares. Deutsche National Bank Ag has invested 0% in GWG Holdings Inc (NASDAQ:GWGH).

The chart of GWG Holdings Inc (GWGH) shows a double top with $10.56 target or 3.00 % above today’s $10.25 share price. The 5 months chart pattern indicates low risk for the $59.28 million company. It was reported on Sep, 17 by Finviz.com. If the $10.56 price target is reached, the company will be worth $1.78M more. Double tops are rare but powerful chart patterns.

The stock increased 0.22% or $0.02 on September 15, reaching $10.25. About 2,213 shares traded. GWG Holdings Inc (NASDAQ:GWGH) has risen 112.01% since September 17, 2016 and is uptrending. It has outperformed by 95.31% the S&P500.

Analysts expect GWG Holdings Inc (NASDAQ:GWGH) to report $-1.01 EPS on November, 14.They anticipate $1.99 EPS change or 203.06 % from last quarter’s $0.98 EPS. After having $1.26 EPS previously, GWG Holdings Inc’s analysts see -180.16 % EPS growth.

GWG Holdings Inc (NASDAQ:GWGH) Ratings Coverage

Among 3 analysts covering GWG (NASDAQ:GWGH), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GWG had 5 analyst reports since December 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Maxim Group on Thursday, July 21. The rating was maintained by Roth Capital with “Buy” on Monday, August 14. The firm has “Buy” rating given on Friday, December 4 by TH Capital. The company was maintained on Friday, August 11 by Maxim Group. The stock has “Buy” rating by Roth Capital on Friday, December 4.

More notable recent GWG Holdings Inc (NASDAQ:GWGH) news were published by: Prnewswire.com which released: “GWG Holdings, Inc. Announces New Key Accounts Team” on February 23, 2015, also Prnewswire.com with their article: “GWG Holdings, Inc. Announces New Offering Of L Bonds, A Publicly Registered …” published on January 09, 2015, Globenewswire.com published: “GWG Holdings to Report Third Quarter 2016 Financial Results” on October 25, 2016. More interesting news about GWG Holdings Inc (NASDAQ:GWGH) were released by: Globenewswire.com and their article: “GWG Holdings to Report Fourth Quarter and Full Year 2016 Financial Results” published on February 22, 2017 as well as Globenewswire.com‘s news article titled: “GWG Holdings to Present at the 2016 Aegis Growth Conference” with publication date: September 14, 2016.

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