Bearish Chart Formation for Precision Therapeutics Inc. (AIPT) After Forming Bearish Multiple Bottom Pattern

July 14, 2018 - By Alfred Lee

The stock of Precision Therapeutics Inc. (AIPT) shows a multiple bottoms pattern with $1.20 target or 8.00 % below today’s $1.30 share price. The 5 months chart pattern indicates high risk for the $15.35M company. It was reported on Jul, 14 by Finviz.com. If the $1.20 price target is reached, the company will be worth $1.23 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 4.00% or $0.05 during the last trading session, reaching $1.3. About 3.64 million shares traded or 1177.20% up from the average. Precision Therapeutics Inc. (NASDAQ:AIPT) has declined 41.62% since July 14, 2017 and is downtrending. It has underperformed by 54.19% the S&P500.

More notable recent Precision Therapeutics Inc. (NASDAQ:AIPT) news were published by: Globenewswire.com which released: “Precision Therapeutics Signs Definitive Merger Agreement with Helomics Holding Corporation” on June 28, 2018, also Digitaljournal.com with their article: “Breaking Medical Stock News: AIPT Signs Definitive Merger Agreement with Helomics” published on July 11, 2018, Streetinsider.com published: “Precision Therapeutics Inc. (AIPT) Secures European Patent for STREAMWAY System Covering Automated, Direct-to …” on July 13, 2018. More interesting news about Precision Therapeutics Inc. (NASDAQ:AIPT) were released by: Benzinga.com and their article: “30 Stocks Moving In Friday’s Mid-Day Session” published on July 13, 2018 as well as Nasdaq.com‘s news article titled: “Precision Therapeutics Granted European Patent for its Automated, Direct-to-Drain Medical Fluid Disposal System” with publication date: July 13, 2018.

Precision Therapeutics Inc. engages in the development of a healthcare contract research organization that provides personalized medicine solutions for pharmaceutical, diagnostic, and biotech industries. The company has market cap of $15.35 million. The company's CRO services enhance the effectiveness of cancer therapy using the power of artificial intelligence applied to diseases databases. It currently has negative earnings. It also produces STREAMWAY System for automated and direct-to-drain medical fluid disposal.

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