Is Major Move Coming For Gulf Island Fabrication, Inc. (GIFI) After This Bullish Wedge Up?

December 7, 2017 - By reb123z

Investors sentiment decreased to 1.38 in Q2 2017. Its down 0.30, from 1.68 in 2017Q1. It dived, as 11 investors sold Gulf Island Fabrication, Inc. shares while 23 reduced holdings. 15 funds opened positions while 32 raised stakes. 9.34 million shares or 0.89% more from 9.25 million shares in 2017Q1 were reported.
Boston Prns has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Wells Fargo Mn reported 4 shares. Ls Investment Limited Liability Company holds 0% or 434 shares. Guggenheim Capital Lc has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Capstone Asset Management holds 0.01% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) or 17,650 shares. Brandywine Mngmt Limited Company accumulated 7,963 shares. Prescott Gp Cap Lc holds 0.82% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 336,497 shares. Us Bankshares De invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Massachusetts-based Geode Cap Mngmt Ltd has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Citigroup Inc stated it has 11,366 shares. Tfs Ltd Liability invested 0.07% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Nationwide Fund Advsrs owns 22,940 shares for 0% of their portfolio. Parametric Assocs Lc reported 30,283 shares. Morgan Stanley owns 0% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 34,998 shares. Schwab Charles Inv Management reported 54,728 shares.

The stock of Gulf Island Fabrication, Inc. (GIFI) formed an up wedge with $12.79 target or 4.00 % above today’s $12.30 share price. The 5 months wedge indicates low risk for the $183.24 million company. If the $12.79 price target is reached, the company will be worth $7.33M 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 decreased 1.60% or $0.2 during the last trading session, reaching $12.3. About 37,560 shares traded. Gulf Island Fabrication, Inc. (NASDAQ:GIFI) has risen 43.64% since December 8, 2016 and is uptrending. It has outperformed by 26.94% the S&P500.

More notable recent Gulf Island Fabrication, Inc. (NASDAQ:GIFI) news were published by: Seekingalpha.com which released: “Gulf Island Fabrication’s CEO Kirk Meche on Q2 2017 Results – Earnings Call …” on July 28, 2017, also Seekingalpha.com with their article: “Gulf Island Fabrication’s (GIFI) CEO Kirk Meche on Q3 2017 Results – Earnings …” published on October 27, 2017, Businesswire.com published: “Gulf Island Fabrication, Inc. Announces Agreement to Acquire LEEVAC Shipyards …” on December 23, 2015. More interesting news about Gulf Island Fabrication, Inc. (NASDAQ:GIFI) were released by: Businesswire.com and their article: “Gulf Island Fabrication, Inc. Announces the Completion of the Acquisition of …” published on January 04, 2016 as well as Nasdaq.com‘s news article titled: “Gulf Island Fabrication, Inc. (GIFI) Ex-Dividend Date Scheduled for November …” with publication date: November 08, 2017.

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