Is Buying Landmark Infrastructure Partners LP (LMRKO) Here a Winning Strategy? The Stock Formed Bullish Inverse Head & Shoulders

July 14, 2018 - By Michael Garrison

The stock of Landmark Infrastructure Partners LP (LMRKO) formed H&SI with $26.12 price target or 6.00 % above the current $24.64 share price. The 5 months Head & Shoulders Inverse reveals low risk for the $351.84 million company. This trade was featured by on Jul, 14. If the $26.12 target price is reached, the company’s valuation will be $21.11M more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock decreased 0.16% or $0.04 during the last trading session, reaching $24.64. About 1,748 shares traded. Landmark Infrastructure Partners LP (NASDAQ:LMRKO) has declined 4.69% since July 14, 2017 and is downtrending. It has underperformed by 17.26% the S&P500.

Landmark Infrastructure Partners LP acquires, owns, and manages a portfolio of real property interests and infrastructure assets in the United States. The company has market cap of $351.84 million. The firm leases its real property interests and infrastructure assets to companies operating in the wireless communication, outdoor advertising, and renewable power generation industries. It has a 39.36 P/E ratio. It also owns various interests in receivables associated with related assets.

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