Could GDS Holdings Limited (GDS) Change Direction After This Double Top Pattern

September 16, 2018 - By Richard Doty

The chart of GDS Holdings Limited (GDS) shows a double top with $36.82 target or 6.00 % above today’s $34.74 share price. The 9 months chart pattern indicates low risk for the $4.37B company. It was reported on Sep, 16 by Finviz.com. If the $36.82 price target is reached, the company will be worth $262.38M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.32% or $0.11 during the last trading session, reaching $34.74. About 777,523 shares traded. GDS Holdings Limited (NASDAQ:GDS) has risen 211.47% since September 16, 2017 and is uptrending. It has outperformed by 195.85% the S&P500.

Analysts await GDS Holdings Limited (NASDAQ:GDS) to report earnings on November, 8. They expect $-0.09 EPS, up 35.71 % or $0.05 from last year’s $-0.14 per share. After $-0.12 actual EPS reported by GDS Holdings Limited for the previous quarter, Wall Street now forecasts -25.00 % EPS growth.

More notable recent GDS Holdings Limited (NASDAQ:GDS) news were published by: Businesswire.com which released: “Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of GDS Holdings Limited …” on September 15, 2018, also Globenewswire.com with their article: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of ZN, RMTI, TTPH, HMNY and GDS” published on September 16, 2018, Nasdaq.com published: “GDS Holdings Limited to Hold Annual General Meeting on October 9, 2018” on September 10, 2018. More interesting news about GDS Holdings Limited (NASDAQ:GDS) were released by: Globenewswire.com and their article: “SHAREHOLDER ALERT: GLNCY GLCNF ACAD GDS NLSN LOGM PDD NVRO LCI CBS: The Law Offices of Vincent …” published on August 30, 2018 as well as Globenewswire.com‘s news article titled: “GDS NOTICE ALERT: Rosen Law Firm Reminds GDS Holdings Limited Investors of Important Deadline in Class Action …” with publication date: September 13, 2018.

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company has market cap of $4.37 billion. The firm provides colocation, managed hosting, and managed cloud services. It currently has negative earnings. The Company’s data centers service clients that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

GDS Holdings Limited (NASDAQ:GDS) Ratings Chart

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