In technical analysis, a Double Top Breakout is a bullish signal indicating the reversal of a prevailing downtrend or the continuation of an existing uptrend. In the case of NYSE:DBRG , the stock appears to have formed a Double Top pattern, which is characterized by two distinct peaks at roughly the same price level. These peaks are separated by a moderate...
Well, right after data center infrastructure stock SWCH announced solid 1st quarter earnings results, we get an announcement that it's going private. DBRG and IFM Investors are taking it private for $11 billion. Shareholders will get $34.25 per share on the transaction. The price action gapped up to around that level and it will stay in this range until the...