Is Buying Stock Like Liberty Broadband Corporation (LBRDK) After This Bullish Double Top a Winning Strategy?

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Liberty Broadband Corporation (NASDAQ:LBRDK) Logo

The chart of Liberty Broadband Corporation (LBRDK) shows a double top with $117.09 target or 9.00 % above today’s $107.42 share price. The 6 months chart pattern indicates low risk for the $19.49B company. It was reported on Oct, 10 by Finviz.com. If the $117.09 price target is reached, the company will be worth $1.75 billion more. Double tops are rare but powerful chart patterns.

The stock decreased 0.18% or $0.19 during the last trading session, reaching $107.42. About 44,213 shares traded. Liberty Broadband Corporation (NASDAQ:LBRDK) has risen 29.65% since October 10, 2018 and is uptrending. It has outperformed by 29.65% the S&P500.

Analysts await Liberty Broadband Corporation (NASDAQ:LBRDK) to report earnings on November, 7. They expect $0.39 EPS, up 18.18 % or $0.06 from last year’s $0.33 per share. LBRDK’s profit will be $70.75M for 68.86 P/E if the $0.39 EPS becomes a reality….

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