Can DXP Enterprises Inc (DXPE)’s Tomorrow be Different? The Stock Formed a Ascending Triangle

June 20, 2017 - By Hazel Jackson

Investors sentiment increased to 1.92 in 2016 Q4. Its up 0.75, from 1.17 in 2016Q3. It improved, as 11 investors sold DXP Enterprises Inc shares while 26 reduced holdings. 27 funds opened positions while 44 raised stakes. 12.83 million shares or 13.71% more from 11.28 million shares in 2016Q3 were reported.
Barclays Plc invested in 257 shares. Pacific Ridge Cap Prtnrs Limited Liability owns 17,210 shares. Savings Bank Of Montreal Can holds 0% or 485 shares in its portfolio. Northwestern Mutual Wealth Mngmt Co reported 100 shares or 0% of all its holdings. Adage Prns Gru Limited Company invested 0.01% in DXP Enterprises Inc (NASDAQ:DXPE). Geode Capital Management Limited Liability holds 0% or 112,438 shares. Jpmorgan Chase And Co reported 476,821 shares. Texas Permanent School Fund reported 11,253 shares. Royal Financial Bank Of Canada has 0% invested in DXP Enterprises Inc (NASDAQ:DXPE) for 960 shares. State Street Corporation reported 301,101 shares. Bancshares Of America Corporation De accumulated 0% or 13,201 shares. The Ohio-based Victory Capital Management has invested 0% in DXP Enterprises Inc (NASDAQ:DXPE). Ny State Common Retirement Fund reported 111,180 shares. Renaissance Tech Ltd Liability reported 0% in DXP Enterprises Inc (NASDAQ:DXPE). Northern Trust Corp invested in 180,336 shares or 0% of the stock.

Since January 30, 2017, it had 0 insider buys, and 3 insider sales for $386,741 activity. Shares for $117,360 were sold by VINSON DAVID C on Thursday, May 18. 3,065 shares valued at $118,861 were sold by DAVIS CLETUS on Monday, January 30.

The stock of DXP Enterprises Inc (DXPE) formed an ascending triangle with $34.44 target or 5.00 % below today’s $36.25 share price. The 5 months triangle pattern indicates high risk for the $622.29M company. If the $34.44 price target is reached, the company will be worth $31.11 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.

The stock increased 0.11% or $0.04 during the last trading session, reaching $36.25. About shares traded. DXP Enterprises Inc (NASDAQ:DXPE) has risen 200.39% since June 20, 2016 and is uptrending. It has outperformed by 183.69% the S&P500.

More notable recent DXP Enterprises Inc (NASDAQ:DXPE) news were published by: Nasdaq.com which released: “Zacks.com featured highlights: DXP Enterprises, Lakeland Bancorp, ServisFirst …” on June 01, 2017, also Seekingalpha.com with their article: “DXP Enterprises’ (DXPE) CEO David Little on Q4 2016 Results – Earnings Call …” published on March 31, 2017, Nasdaq.com published: “Why You Shouldn’t Bet Against DXP Enterprises (DXPE) Stock” on June 01, 2017. More interesting news about DXP Enterprises Inc (NASDAQ:DXPE) were released by: Zacks.com and their article: “Should DXP Enterprises (DXPE) Be on Your Radar Now?” published on May 25, 2017 as well as Seekingalpha.com‘s news article titled: “DXP Enterprises’ (DXPE) CEO David Little on Q3 2016 Results – Earnings Call …” with publication date: November 15, 2016.

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