Key Tronic Corporation (KTCC) Forms H&S Pattern; Strong Momentum for Sellers

February 15, 2018 - By Kurt Siggers

Investors sentiment decreased to 0.24 in 2017 Q3. Its down 0.39, from 0.63 in 2017Q2. It turned negative, as 4 investors sold Key Tronic Corporation shares while 13 reduced holdings. 2 funds opened positions while 2 raised stakes. 4.50 million shares or 0.55% more from 4.48 million shares in 2017Q2 were reported.
Adirondack Rech & has 74,559 shares. Royal Comml Bank Of Canada invested 0% in Key Tronic Corporation (NASDAQ:KTCC). 123,671 are owned by Ancora Advsrs Limited Liability Com. Bridgeway Mngmt holds 0.01% or 139,933 shares. Tower Rech Capital Limited Liability Company (Trc) reported 0% in Key Tronic Corporation (NASDAQ:KTCC). Geode Cap Management Ltd Liability Company owns 35,271 shares for 0% of their portfolio. Lsv Asset Mgmt holds 0% in Key Tronic Corporation (NASDAQ:KTCC) or 163,841 shares. 23,500 are owned by Spark Invest Mgmt. Franklin Resource owns 480,000 shares for 0% of their portfolio. Wells Fargo & Mn reported 0% stake. California-based Osborne Cap Mgmt Ltd Liability Co has invested 0.06% in Key Tronic Corporation (NASDAQ:KTCC). Renaissance Technologies Limited Liability, New York-based fund reported 21,240 shares. Connor Clark & Lunn Investment Mngmt Limited owns 12,326 shares. Deutsche National Bank Ag owns 9,096 shares for 0% of their portfolio. Dimensional Fund Advsr L P accumulated 897,647 shares or 0% of the stock.

The stock of Key Tronic Corporation (KTCC) formed H&S with $6.71 target or 7.00 % below today’s $7.21 share price. The 9 months Head & Shoulders indicates high risk for the $77.58 million company. It was reported on Feb, 15 by Faxor.com. If the $6.71 price target is reached, the company will be worth $5.43 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 1.12% or $0.08 during the last trading session, reaching $7.21. About 5,495 shares traded. Key Tronic Corporation (NASDAQ:KTCC) has declined 8.47% since February 15, 2017 and is downtrending. It has underperformed by 25.17% the S&P500.

Key Tronic Corporation (NASDAQ:KTCC) Ratings Coverage

Among 2 analysts covering Key Tronic (NASDAQ:KTCC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Key Tronic had 3 analyst reports since August 19, 2015 according to SRatingsIntel. As per Tuesday, September 22, the company rating was upgraded by TheStreet. TheStreet downgraded the stock to “Hold” rating in Friday, October 16 report.

More notable recent Key Tronic Corporation (NASDAQ:KTCC) news were published by: Globenewswire.com which released: “Cemtrex Addresses Contentions in Key Tronic Corp.’s Last Release; Asks …” on September 26, 2017, also Seekingalpha.com with their article: “Key Tronic Corporation’s (KTCC) CEO Craig Gates on Q1 2018 Results – Earnings …” published on November 01, 2017, Marketwatch.com published: “Key Tronic Corp.” on September 05, 2017. More interesting news about Key Tronic Corporation (NASDAQ:KTCC) were released by: Newsday.com and their article: “Cemtrex unveils bid for much larger Key Tronic Corp.” published on September 05, 2017 as well as Seekingalpha.com‘s news article titled: “Key Tronic Corporation’s (KTCC) CEO Craig Gates on Q2 2018 Results – Earnings …” with publication date: January 31, 2018.

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