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Urban One, Inc. (UONEK) Formed Multiple Top; Buyers Could Thrive

The stock of Urban One, Inc. (UONEK) shows a multiple tops pattern with $2.28 target or 7.00 % above today’s $2.13 share price. The 6 months chart pattern indicates low risk for the $98.04M company. It was reported on Nov, 10 by Finviz.com. If the $2.28 price target is reached, the company will be worth $6.86M 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 2.74% or $0.06 during the last trading session, reaching $2.13. About 10,859 shares traded. Urban One, Inc. (NASDAQ:UONEK) has risen 20.59% since November 10, 2017 and is uptrending. It has outperformed by 4.97% the S&P500.

Another recent and important Urban One, Inc. (NASDAQ:UONEK) news was published by Seekingalpha.com which published an article titled: “Urban One, Inc. (UONEK) CEO Alfred Liggins on Q3 2018 Results – Earnings Call Transcript” on November 01, 2018.

Urban One, Inc., together with its subsidiaries, operates as an urban-oriented multi-media firm in the United States. The company has market cap of $98.04 million. The firm operates through four divisions: Radio Broadcasting, Reach Media, Digital, and Cable Television. It has a 0.94 P/E ratio. The Radio Broadcasting segment includes radio broadcasting activities that primarily target African-American and urban listeners.

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