Keysight Technologies, Inc. (KEYS) Forms Bullish Wedge Up Pattern; Strong Momentum for Buyers Coming

December 7, 2017 - By Winifred Garcia

Investors sentiment decreased to 1.2 in 2017 Q2. Its down 0.33, from 1.53 in 2017Q1. It dropped, as 42 investors sold Keysight Technologies, Inc. shares while 85 reduced holdings. 49 funds opened positions while 104 raised stakes. 157.93 million shares or 2.50% more from 154.09 million shares in 2017Q1 were reported.
Ftb Advsrs Incorporated reported 1,100 shares. Dubuque Comml Bank And Com invested 0% of its portfolio in Keysight Technologies, Inc. (NYSE:KEYS). Diamond Hill Mngmt invested in 949,441 shares. 69,783 are owned by Cantab Cap Prns Llp. Crestpoint Limited Com invested in 0.24% or 13,300 shares. Morgan Stanley holds 342,116 shares or 0% of its portfolio. Moreover, Parkside Fin Fincl Bank & has 0% invested in Keysight Technologies, Inc. (NYSE:KEYS). Employees Retirement Association Of Colorado has 35,167 shares. Riverhead Cap reported 20,519 shares. Moreover, Cadence Capital Lc has 0.02% invested in Keysight Technologies, Inc. (NYSE:KEYS). Fincl Bank Of Montreal Can owns 0% invested in Keysight Technologies, Inc. (NYSE:KEYS) for 8,977 shares. Axa reported 22,796 shares stake. Cibc World Mkts Inc owns 9,654 shares. Department Mb Bank & Trust N A holds 80 shares. Parametric Associate Limited has invested 0.02% in Keysight Technologies, Inc. (NYSE:KEYS).

The stock of Keysight Technologies, Inc. (KEYS) formed an up wedge with $44.43 target or 4.00 % above today’s $42.72 share price. The 5 months wedge indicates low risk for the $7.95 billion company. If the $44.43 price target is reached, the company will be worth $317.84 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.52% or $0.64 during the last trading session, reaching $42.72. About 2.12M shares traded or 220.19% up from the average. Keysight Technologies, Inc. (NYSE:KEYS) has risen 44.25% since December 8, 2016 and is uptrending. It has outperformed by 27.55% the S&P500.

Keysight Technologies, Inc. (NYSE:KEYS) Ratings Coverage

Among 10 analysts covering Keysight Technologies Inc (NYSE:KEYS), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Keysight Technologies Inc had 30 analyst reports since August 17, 2015 according to SRatingsIntel. Deutsche Bank maintained Keysight Technologies, Inc. (NYSE:KEYS) on Wednesday, June 7 with “Buy” rating. Jefferies maintained it with “Buy” rating and $50 target in Thursday, June 1 report. Jefferies maintained the shares of KEYS in report on Tuesday, August 22 with “Buy” rating. The stock of Keysight Technologies, Inc. (NYSE:KEYS) earned “Hold” rating by Stifel Nicolaus on Wednesday, June 7. The stock of Keysight Technologies, Inc. (NYSE:KEYS) has “Outperform” rating given on Thursday, August 31 by Credit Suisse. The rating was initiated by Wells Fargo on Thursday, April 6 with “Outperform”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, July 27 report. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, December 6 report. Robert W. Baird maintained Keysight Technologies, Inc. (NYSE:KEYS) rating on Friday, August 25. Robert W. Baird has “Buy” rating and $47.0 target. Jefferies maintained Keysight Technologies, Inc. (NYSE:KEYS) rating on Friday, October 20. Jefferies has “Buy” rating and $52.0 target.

More notable recent Keysight Technologies, Inc. (NYSE:KEYS) news were published by: Businesswire.com which released: “Keysight Technologies Announces Departure of Bethany Mayer; Mark Pierpoint …” on November 14, 2017, also Businesswire.com with their article: “Keysight Technologies Teams With European Space Agency, Airbus, SpaceTech GmbH …” published on November 29, 2017, Nasdaq.com published: “Keysight (KEYS) Beats on Earnings in Q4, Revenues Rise Y/Y” on December 07, 2017. More interesting news about Keysight Technologies, Inc. (NYSE:KEYS) were released by: Nasdaq.com and their article: “Keysight Technologies Inc. Q4 Earnings Climb 23%” published on December 06, 2017 as well as Businesswire.com‘s news article titled: “Keysight Technologies to Present at Barclays Global Technology, Media and …” with publication date: November 14, 2017.

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