Time to Sell Key Tronic Corporation (KTCC) After The Completion of This H&S Pattern?

February 20, 2018 - By Maria Brooks

Investors sentiment decreased to 0.24 in Q3 2017. Its down 0.39, from 0.63 in 2017Q2. It worsened, 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.
Barclays Public Limited Company has invested 0% in Key Tronic Corporation (NASDAQ:KTCC). Blackrock Inc, New York-based fund reported 112,752 shares. Northern Tru holds 33,602 shares or 0% of its portfolio. Moreover, Nationwide Fund Advsrs has 0% invested in Key Tronic Corporation (NASDAQ:KTCC). Goldman Sachs Group has invested 0% in Key Tronic Corporation (NASDAQ:KTCC). Adirondack Research Mgmt, New York-based fund reported 74,559 shares. James Inv owns 7,197 shares. Moors And Cabot holds 0.01% or 11,400 shares in its portfolio. Bridgeway Capital Mgmt Inc stated it has 139,933 shares or 0.01% of all its holdings. Royal State Bank Of Canada reported 9 shares or 0% of all its holdings. 123,671 were accumulated by Ancora Lc. Alexandria Capital Lc reported 5,120 shares. Tieton Capital Management Ltd Com invested in 541,273 shares or 3.36% of the stock. Connor Clark And Lunn Mngmt Ltd holds 0% of its portfolio in Key Tronic Corporation (NASDAQ:KTCC) for 12,326 shares. Cwh Cap Management Inc has invested 0.26% of its portfolio in Key Tronic Corporation (NASDAQ:KTCC).

The stock of Key Tronic Corporation (KTCC) formed H&S with $6.94 target or 4.00 % below today’s $7.23 share price. The 7 months Head & Shoulders indicates high risk for the $77.79 million company. It was reported on Feb, 20 by Faxor.com. If the $6.94 price target is reached, the company will be worth $3.11M 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 0.42% or $0.03 during the last trading session, reaching $7.23. About 8,609 shares traded. Key Tronic Corporation (NASDAQ:KTCC) has declined 8.47% since February 20, 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. The firm earned “Hold” rating on Friday, October 16 by TheStreet. As per Tuesday, September 22, the company rating was upgraded by TheStreet.

More notable recent Key Tronic Corporation (NASDAQ:KTCC) news were published by: Marketwatch.com which released: “Key Tronic Corp.” on September 05, 2017, also Seekingalpha.com with their article: “Key Tronic’s (KTCC) CEO Craig Gates on Q4 2017 Results – Earnings Call Transcript” published on August 01, 2017, Newsday.com published: “Cemtrex presses bid to acquire much larger Key Tronic Corp.” on October 05, 2017. More interesting news about Key Tronic Corporation (NASDAQ:KTCC) were released by: Globenewswire.com and their article: “Key Tronic Corporation Announces Results for the Second Quarter of Fiscal Year …” published on January 31, 2017 as well as Globenewswire.com‘s news article titled: “Cemtrex Addresses Contentions in Key Tronic Corp.’s Last Release; Asks …” with publication date: September 26, 2017.

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