Blackrock Capital Investment Corp (BKCC)’s Bearish Ascending Triangle Pattern Points to Higher Stock Risks

July 17, 2017 - By Darrin Black

The stock of Blackrock Capital Investment Corp (BKCC) formed an ascending triangle with $6.98 target or 8.00 % below today’s $7.59 share price. The 6 months triangle pattern indicates high risk for the $557.97M company. If the $6.98 price target is reached, the company will be worth $44.64 million 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.

It is 0.00% or $0 reaching $7.59 per share. It is down 2.85% since July 17, 2016 and is uptrending. It has underperformed by 13.85% the S&P500.

Blackrock Capital Investment Corp (NASDAQ:BKCC) Ratings Coverage

Among 5 analysts covering BlackRock Kelso Capital (NASDAQ:BKCC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. BlackRock Kelso Capital had 6 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald on Wednesday, August 19 with “Buy”. DA Davidson initiated the shares of BKCC in report on Wednesday, September 30 with “Buy” rating. DA Davidson downgraded Blackrock Capital Investment Corp (NASDAQ:BKCC) on Thursday, April 28 to “Neutral” rating. The stock of Blackrock Capital Investment Corp (NASDAQ:BKCC) has “Market Perform” rating given on Friday, February 19 by Keefe Bruyette & Woods. Citigroup maintained the shares of BKCC in report on Tuesday, June 14 with “Neutral” rating.

More news for Blackrock Capital Investment Corp (NASDAQ:BKCC) were recently published by: Nasdaq.com, which released: “BlackRock Capital Investment Corporation (BKCC) Ex-Dividend Date Scheduled for …” on June 14, 2017. Businesswire.com‘s article titled: “BlackRock Capital Investment Corporation to Report Second Quarter 2017 …” and published on July 03, 2017 is yet another important article.

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