What Next for Deciphera Pharmaceuticals, Inc. (DCPH) After Forming Bearish Head & Shoulders Pattern?

April 17, 2018 - By Tina Thibodeau

The stock of Deciphera Pharmaceuticals, Inc. (DCPH) formed H&S with $23.65 target or 4.00 % below today’s $24.64 share price. The 9 months Head & Shoulders indicates high risk for the $803.04 million company. It was reported on Apr, 17 by Faxor.com. If the $23.65 price target is reached, the company will be worth $32.12M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 2.10% or $0.5075 during the last trading session, reaching $24.6375. About 86,153 shares traded. Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) Ratings Chart

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