Support.com, Inc. (SPRT)’s Stock Formed A Several Months Bullish Multiple Top Pattern

May 17, 2018 - By Rita Stryker

Support.com, Inc. (NASDAQ:SPRT) Logo

The stock of Support.com, Inc. (SPRT) shows a multiple tops pattern with $2.94 target or 3.00 % above today’s $2.85 share price. The 8 months chart pattern indicates low risk for the $53.40M company. It was reported on May, 17 by Finviz.com. If the $2.94 price target is reached, the company will be worth $1.60 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.35% or $0.01 during the last trading session, reaching $2.85. About 7,487 shares traded. Support.com, Inc. (NASDAQ:SPRT) has risen 28.84% since May 17, 2017 and is uptrending. It has outperformed by 17.29% the S&P500.

Another recent and important Support.com, Inc. (NASDAQ:SPRT) news was published by Businesswire.com which published an article titled: “Support.com Reports First Quarter 2018 Financial Results” on May 08, 2018.

Support.com, Inc. provides cloud-based software and services primarily in North America. The company has market cap of $53.40 million. The firm offers turnkey, outsourced support services for service providers, retailers, Internet of Things solution providers, and technology companies. It currently has negative earnings. The Company’s technology support services programs include computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support for both the consumer and small and medium business markets.

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