Could RadiSys Corporation (RSYS) Go Down? The Stock Formed Multiple Bottom Chart Pattern

February 20, 2018 - By Henry Gaston

Investors sentiment decreased to 1.11 in Q3 2017. Its down 0.21, from 1.32 in 2017Q2. It is negative, as 12 investors sold RadiSys Corporation shares while 16 reduced holdings. 11 funds opened positions while 20 raised stakes. 19.57 million shares or 14.44% less from 22.88 million shares in 2017Q2 were reported.
Ameritas Investment Partners Inc has 2,776 shares. Barclays Public Limited invested in 4,058 shares or 0% of the stock. Heartland Advsrs has 0.2% invested in RadiSys Corporation (NASDAQ:RSYS) for 2.30 million shares. Goldman Sachs Gru, a New York-based fund reported 10,618 shares. Blackrock Inc stated it has 0% of its portfolio in RadiSys Corporation (NASDAQ:RSYS). Credit Suisse Ag holds 0% of its portfolio in RadiSys Corporation (NASDAQ:RSYS) for 24,436 shares. The Missouri-based Kennedy Cap Mgmt has invested 0.01% in RadiSys Corporation (NASDAQ:RSYS). 1.27M are held by Dimensional Fund Advisors Limited Partnership. Pnc Financial Serv Grp Inc holds 0% or 12,000 shares in its portfolio. State Street Corp reported 514,006 shares. Citigroup Inc holds 0% or 115 shares. Jacobs Levy Equity reported 203,408 shares stake. Massachusetts-based Twin Focus Ptnrs Limited Liability Co has invested 0.01% in RadiSys Corporation (NASDAQ:RSYS). Deutsche Bancshares Ag has 34,171 shares. Illinois-based Northern Trust has invested 0% in RadiSys Corporation (NASDAQ:RSYS).

The stock of RadiSys Corporation (RSYS) shows a multiple bottoms pattern with $0.81 target or 8.00 % below today’s $0.88 share price. The 6 months chart pattern indicates high risk for the $34.45M company. It was reported on Feb, 20 by Finviz.com. If the $0.81 price target is reached, the company will be worth $2.76M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 4.05% or $0.04 during the last trading session, reaching $0.88. About 538,331 shares traded. RadiSys Corporation (NASDAQ:RSYS) has declined 4.32% since February 20, 2017 and is downtrending. It has underperformed by 21.02% the S&P500.

RadiSys Corporation (NASDAQ:RSYS) Ratings Coverage

Among 6 analysts covering RadiSys (NASDAQ:RSYS), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. RadiSys has $7.25 highest and $3.0 lowest target. $4.60’s average target is 422.73% above currents $0.88 stock price. RadiSys had 11 analyst reports since September 3, 2015 according to SRatingsIntel. Lake Street initiated the shares of RSYS in report on Monday, March 21 with “Buy” rating. The stock of RadiSys Corporation (NASDAQ:RSYS) has “Buy” rating given on Monday, June 26 by Roth Capital. As per Friday, February 10, the company rating was maintained by Needham. Needham upgraded it to “Buy” rating and $4 target in Monday, January 25 report. Northland Capital initiated it with “Outperform” rating and $5.5 target in Thursday, September 3 report. The rating was maintained by Jefferies with “Buy” on Thursday, September 7. The company was maintained on Friday, June 17 by Jefferies. The stock of RadiSys Corporation (NASDAQ:RSYS) has “Buy” rating given on Friday, September 8 by DA Davidson. Jefferies maintained it with “Buy” rating and $6.7500 target in Friday, June 9 report. The firm has “Buy” rating given on Tuesday, March 22 by Roth Capital.

More recent RadiSys Corporation (NASDAQ:RSYS) news were published by: Businesswire.com which released: “Radisys Appoints Steve Domenik to Board of Directors” on February 07, 2018. Also Stockhouse.com published the news titled: “RadiSys Corporation to Host Earnings Call” on February 07, 2018. Businesswire.com‘s news article titled: “Radisys Reports Fourth Quarter 2017 Results” with publication date: February 07, 2018 was also an interesting one.

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