Could Key Tronic Corporation (KTCC) Go Down? The Stock Formed Head & Shoulders

February 15, 2018 - By Stephen Andrade

Investors sentiment decreased to 0.24 in Q3 2017. 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.
Connor Clark Lunn Investment Mngmt has invested 0% of its portfolio in Key Tronic Corporation (NASDAQ:KTCC). The New York-based Tower Limited Liability Corporation (Trc) has invested 0% in Key Tronic Corporation (NASDAQ:KTCC). Thompson Davis And Comm reported 0.01% in Key Tronic Corporation (NASDAQ:KTCC). Cwh Capital Mngmt Inc reported 0.26% stake. Bridgeway Capital Management invested in 139,933 shares. Blackrock holds 0% or 112,752 shares. Alexandria Limited Company accumulated 5,120 shares. Adirondack & holds 0.21% in Key Tronic Corporation (NASDAQ:KTCC) or 74,559 shares. James Investment Rech owns 7,197 shares. Wells Fargo & Communication Mn reported 586 shares. Northern reported 33,602 shares. Spark Invest Management reported 0.01% in Key Tronic Corporation (NASDAQ:KTCC). Osborne Prtnrs Cap Mgmt Limited Liability accumulated 57,300 shares or 0.06% of the stock. Dimensional Fund Advsrs Ltd Partnership accumulated 0% or 897,647 shares. Deutsche Financial Bank Ag reported 9,096 shares.

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. The firm earned “Hold” rating on Friday, October 16 by TheStreet. On Tuesday, September 22 the stock rating was upgraded by TheStreet to “Buy”.

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

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