What’s Monaker Group, Inc. (MKGI) Downside After Forming Double Bottom Chart Pattern?

August 10, 2018 - By Andrea Pope

Monaker Group, Inc. (NASDAQ:MKGI) Logo

The chart of Monaker Group, Inc. (MKGI) shows a double bottom with $1.90 target or 8.00 % below today’s $2.06 share price. The 9 months chart pattern indicates high risk for the $16.51M company. It was reported on Aug, 10 by Finviz.com. If the $1.90 price target is reached, the company will be worth $1.32 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.48% or $0.01 during the last trading session, reaching $2.06. About 200 shares traded. Monaker Group, Inc. (NASDAQ:MKGI) has declined 46.42% since August 10, 2017 and is downtrending. It has underperformed by 58.99% the S&P500.

More important recent Monaker Group, Inc. (NASDAQ:MKGI) news were published by: Benzinga.com which released: “44 Biggest Movers From Yesterday” on July 13, 2018, also Benzinga.com published article titled: “30 Stocks Moving In Thursday’s Mid-Day Session”, Benzinga.com published: “68 Stocks Moving In Thursday’s Mid-Day Session” on August 09, 2018. More interesting news about Monaker Group, Inc. (NASDAQ:MKGI) was released by: Globenewswire.com and their article: “Monaker Revolutionizes Travel Industry with Release of Next-Gen Alternative Lodging Booking Engine and API …” with publication date: July 16, 2018.

Monaker Group, Inc. operates an online marketplace for the alternative lodging rental industry worldwide. The company has market cap of $16.51 million. It provides activities and tours at the destinations for travelers through its Maupintour products. It currently has negative earnings. The firm was formerly known as Next 1 Interactive, Inc. and changed its name to Monaker Group, Inc. in June 2015.

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