How Analysts Feel About Carver Bancorp Inc (CARV) After Forming Bearish Wedge Down Chart Pattern?

November 14, 2017 - By Darrin Black

Investors sentiment decreased to 0 in Q2 2017. Its down 0.50, from 0.5 in 2017Q1. It turned negative, as 1 investors sold Carver Bancorp Inc shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 724,872 shares or 0.01% less from 724,976 shares in 2017Q1 were reported.
Prudential holds 0% or 181,033 shares. Wells Fargo Mn holds 0% or 1,000 shares in its portfolio. Morgan Stanley owns 0% invested in Carver Bancorp Inc (NASDAQ:CARV) for 180,573 shares. Citigroup accumulated 181,033 shares or 0% of the stock. 181,033 are owned by Goldman Sachs Gp. Moreover, Tower Rech Cap Ltd Liability (Trc) has 0% invested in Carver Bancorp Inc (NASDAQ:CARV).

The stock of Carver Bancorp Inc (CARV) formed a down wedge with $1.96 target or 5.00 % below today’s $2.06 share price. The 6 months wedge indicates high risk for the $7.61M company. If the $1.96 price target is reached, the company will be worth $380,500 less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 23 shares traded. Carver Bancorp Inc (NASDAQ:CARV) has declined 18.75% since November 14, 2016 and is downtrending. It has underperformed by 35.45% the S&P500.

More notable recent Carver Bancorp Inc (NASDAQ:CARV) news were published by: Prnewswire.com which released: “Carver Bancorp Announces Receipt of Additional Nasdaq Letter” on July 21, 2017, also Marketwatch.com with their article: “2.06” published on December 21, 2009, Globenewswire.com published: “Carver Bancorp, Inc. Reports Removal of Federal Reserve Bank Regulatory Order” on October 01, 2015. More interesting news about Carver Bancorp Inc (NASDAQ:CARV) were released by: Prnewswire.com and their article: “Carver Bancorp, Inc. Announces death of director William J. “Bill” Taggart” published on June 09, 2017 as well as Prnewswire.com‘s news article titled: “Carver Bancorp Announces Receipt Of Nasdaq Letter” with publication date: July 21, 2017.

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