NASDAQ:OFED', 'Oconee Federal Financial Corp.', 'http://kldaily.com/kl-logo.png');

Oconee Federal Financial Corp. (OFED)’s Stock Formed A Several Months Bearish Ascending Triangle Pattern

December 8, 2017 - By Louis Casey

Investors sentiment increased to 19 in Q2 2017. Its up 18.50, from 0.5 in 2017Q1. It improved, as 1 investors sold Oconee Federal Financial Corp. shares while 0 reduced holdings. 17 funds opened positions while 2 raised stakes. 278,922 shares or 178.94% more from 99,995 shares in 2017Q1 were reported.
Blackrock has 48,188 shares for 0% of their portfolio. Northern Tru stated it has 9,911 shares or 0% of all its holdings. Ny State Common Retirement Fund holds 0% of its portfolio in Oconee Federal Financial Corp. (NASDAQ:OFED) for 3,700 shares. Tower Rech Capital Ltd (Trc) holds 0% or 402 shares. Legal And General Plc invested in 0% or 411 shares. American Gp accumulated 772 shares. 10 were reported by Jpmorgan Chase And. Deutsche Comml Bank Ag owns 0% invested in Oconee Federal Financial Corp. (NASDAQ:OFED) for 1,384 shares. Strs Ohio invested in 0% or 400 shares. California State Teachers Retirement Systems invested in 2,200 shares or 0% of the stock. Bnp Paribas Arbitrage has invested 0% in Oconee Federal Financial Corp. (NASDAQ:OFED). The United Kingdom-based Barclays Public has invested 0% in Oconee Federal Financial Corp. (NASDAQ:OFED). 638 are held by Citigroup. Panagora Asset Mngmt has 365 shares. Royal Fincl Bank Of Canada has invested 0% in Oconee Federal Financial Corp. (NASDAQ:OFED).

The stock of Oconee Federal Financial Corp. (OFED) formed an ascending triangle with $27.10 target or 8.00 % below today’s $29.46 share price. The 6 months triangle pattern indicates high risk for the $166.94 million company. If the $27.10 price target is reached, the company will be worth $13.35M 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.

The stock decreased 0.20% or $0.06 during the last trading session, reaching $29.46. About 782 shares traded. Oconee Federal Financial Corp. (NASDAQ:OFED) has risen 41.16% since December 8, 2016 and is uptrending. It has outperformed by 24.46% the S&P500.

More important recent Oconee Federal Financial Corp. (NASDAQ:OFED) news were published by: Businesswire.com which released: “Oconee Federal Financial Corp. Announces Appointment of New Chief Financial …” on March 30, 2017, also Seekingalpha.com published article titled: “Oconee Federal Financial – Well Capitalized And Profitable Bank With A Dual …”, Marketwatch.com published: “Oconee Federal Financial Corp.” on February 11, 2011. More interesting news about Oconee Federal Financial Corp. (NASDAQ:OFED) was released by: Businesswire.com and their article: “Oconee Federal Financial Corp. Announces Agreement to Acquire Stephens Federal …” with publication date: February 27, 2014.

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