Bullish Chart Formation for First Community Bancshares, Inc. (FCBC) After Forming Bullish Wedge Up

December 7, 2017 - By Linda Rogers

Investors sentiment decreased to 1.19 in Q2 2017. Its down 0.08, from 1.27 in 2017Q1. It dropped, as 4 investors sold First Community Bancshares, Inc. shares while 27 reduced holdings. 10 funds opened positions while 27 raised stakes. 6.73 million shares or 11.73% less from 7.62 million shares in 2017Q1 were reported.
Ny State Common Retirement Fund has 0% invested in First Community Bancshares, Inc. (NASDAQ:FCBC). Legal And General Grp Public Limited has invested 0% in First Community Bancshares, Inc. (NASDAQ:FCBC). Morgan Stanley reported 0% of its portfolio in First Community Bancshares, Inc. (NASDAQ:FCBC). 1,564 were accumulated by Thompson Siegel Walmsley Limited Co. Qs Invsts owns 4,888 shares for 0% of their portfolio. Moreover, State Teachers Retirement has 0% invested in First Community Bancshares, Inc. (NASDAQ:FCBC). 20,470 were accumulated by Rhumbline Advisers. Barclays Public Limited Co stated it has 0% of its portfolio in First Community Bancshares, Inc. (NASDAQ:FCBC). Bridgeway Capital Mngmt Inc holds 105,300 shares. Northern Trust reported 0% of its portfolio in First Community Bancshares, Inc. (NASDAQ:FCBC). Strs Ohio reported 25,700 shares. Jpmorgan Chase & reported 264,357 shares or 0% of all its holdings. Bb&T Corporation reported 17,062 shares. Vanguard Incorporated reported 609,559 shares. Tci Wealth Advsrs holds 0% or 24 shares in its portfolio.

The stock of First Community Bancshares, Inc. (FCBC) formed an up wedge with $31.50 target or 6.00 % above today’s $29.72 share price. The 6 months wedge indicates low risk for the $504.86M company. If the $31.50 price target is reached, the company will be worth $30.29 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%.

It closed at $29.72 lastly. It is down 19.72% since December 8, 2016 and is uptrending. It has outperformed by 3.02% the S&P500.

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