Could Blackrock Capital Investment Corp (BKCC) Gain Strenght After Forming Bearish Ascending Triangle Chart Pattern?

July 17, 2017 - By reb123z

The stock of Blackrock Capital Investment Corp (BKCC) formed an ascending triangle with $6.98 target or 8.00 % below today’s $7.59 share price. The 6 months triangle pattern indicates high risk for the $557.97M company. If the $6.98 price target is reached, the company will be worth $44.64 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

It is 0.00% or $0 reaching $7.59 per share. It is down 2.85% since July 17, 2016 and is uptrending. It has underperformed by 13.85% the S&P500.

Blackrock Capital Investment Corp (NASDAQ:BKCC) Ratings Coverage

Among 5 analysts covering BlackRock Kelso Capital (NASDAQ:BKCC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. BlackRock Kelso Capital had 6 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Blackrock Capital Investment Corp (NASDAQ:BKCC) has “Neutral” rating given on Thursday, April 28 by DA Davidson. The firm has “Neutral” rating by Citigroup given on Tuesday, June 14. Keefe Bruyette & Woods downgraded it to “Market Perform” rating and $9.50 target in Friday, February 19 report. The rating was initiated by DA Davidson with “Buy” on Wednesday, September 30. Cantor Fitzgerald maintained Blackrock Capital Investment Corp (NASDAQ:BKCC) on Wednesday, August 19 with “Buy” rating.

More news for Blackrock Capital Investment Corp (NASDAQ:BKCC) were recently published by: Nasdaq.com, which released: “BlackRock Capital Investment Corporation (BKCC) Ex-Dividend Date Scheduled for …” on June 14, 2017. Businesswire.com‘s article titled: “BlackRock Capital Investment Corporation to Report Second Quarter 2017 …” and published on July 03, 2017 is yet another important article.

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