Pivotal Software, Inc. (PVTL) Can’t Be Less Risky. The Stock Formed a Double Top Pattern

September 16, 2018 - By Kristen Paramore

The chart of Pivotal Software, Inc. (PVTL) shows a double top with $23.53 target or 5.00 % above today’s $22.41 share price. The 7 months chart pattern indicates low risk for the $5.76B company. It was reported on Sep, 16 by Finviz.com. If the $23.53 price target is reached, the company will be worth $288.15M more. Double tops are rare but powerful chart patterns.

The stock decreased 2.57% or $0.59 during the last trading session, reaching $22.41. About 4.76M shares traded or 206.49% up from the average. Pivotal Software, Inc. (NYSE:PVTL) has 0.00% since September 16, 2017 and is . It has underperformed by 15.62% the S&P500.

More notable recent Pivotal Software, Inc. (NYSE:PVTL) news were published by: Fool.com which released: “7 Things to Know About Pivotal Software” on September 06, 2018, also Benzinga.com with their article: “Analyst: Here’s What’s Driving Pivotal Software’s Post-Earnings Weakness” published on September 13, 2018, Benzinga.com published: “8 Stocks To Watch For September 13, 2018” on September 13, 2018. More interesting news about Pivotal Software, Inc. (NYSE:PVTL) were released by: Prnewswire.com and their article: “Financialinsiders.com Earnings Recap Week Ending September 14th, 2017” published on September 14, 2018 as well as Seekingalpha.com‘s news article titled: “Pivotal Software 2019 Q2 – Results – Earnings Call Slides” with publication date: September 13, 2018.

Pivotal Software, Inc., together with its subsidiaries, provides an integrated solution that combines a cloud-native application platform and services in the United States. The company has market cap of $5.76 billion. The Company’s cloud-native platform, Pivotal Cloud Foundry , accelerates and streamlines software development by reducing the complexity of building, deploying, and operating modern applications. It currently has negative earnings. The firm also enables its clients to accelerate their adoption of a modern software development process and their business success using its platform through its strategic services, Pivotal Labs (Labs).

Pivotal Software, Inc. (NYSE:PVTL) Ratings Chart

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