Is Selling Lifeway Foods, Inc. (LWAY) Here a Winning Strategy? The Stock Formed Bearish Wedge Down

July 17, 2017 - By Ellis Scott

Investors sentiment decreased to 0.95 in Q4 2016. Its down 0.69, from 1.64 in 2016Q3. It dived, as 3 investors sold Lifeway Foods, Inc. shares while 17 reduced holdings. 8 funds opened positions while 11 raised stakes. 2.70 million shares or 2.47% less from 2.77 million shares in 2016Q3 were reported.
Moreover, Northern has 0% invested in Lifeway Foods, Inc. (NASDAQ:LWAY). Royal Fincl Bank Of Canada has 626 shares for 0% of their portfolio. Kennedy Management holds 0% or 16,473 shares in its portfolio. Cadence Cap has invested 0.04% in Lifeway Foods, Inc. (NASDAQ:LWAY). Alliancebernstein L P reported 12,815 shares stake. Morgan Stanley has 13,733 shares. Blackrock Mgmt Ltd Liability Company has 0% invested in Lifeway Foods, Inc. (NASDAQ:LWAY). Manufacturers Life Insurance The reported 665 shares or 0% of all its holdings. 20,557 were reported by Comml Bank Of New York Mellon. American Intll Group Incorporated accumulated 2,693 shares. Teton Advsrs Inc accumulated 0.18% or 155,300 shares. Bnp Paribas Arbitrage holds 222 shares or 0% of its portfolio. Globeflex Capital Ltd Partnership accumulated 37 shares or 0% of the stock. 239 are owned by Blackrock. Vanguard Grp Inc invested in 0% or 227,747 shares.

The stock of Lifeway Foods, Inc. (LWAY) formed a down wedge with $8.64 target or 8.00 % below today’s $9.39 share price. The 9 months wedge indicates high risk for the $152.01M company. If the $8.64 price target is reached, the company will be worth $12.16M 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 4,361 shares traded. Lifeway Foods, Inc. (NASDAQ:LWAY) has risen 8.00% since July 17, 2016 and is uptrending. It has underperformed by 8.70% the S&P500.

More notable recent Lifeway Foods, Inc. (NASDAQ:LWAY) news were published by: Globenewswire.com which released: “Lifeway Foods, Inc. Announces Results for the Fourth Quarter and Full Year …” on April 10, 2017, also Globenewswire.com with their article: “Lifeway Foods Goes Greener, Transitioning Key Organic Product Lines to …” published on February 23, 2017, Globenewswire.com published: “Lifeway Foods, Inc. Appoints Jennifer Reilly as Senior Executive Vice …” on May 02, 2016. More interesting news about Lifeway Foods, Inc. (NASDAQ:LWAY) were released by: Prnewswire.com and their article: “Lifeway Foods and the James Beard Foundation are Cooking with Lifeway Kefir …” published on September 03, 2015 as well as Seekingalpha.com‘s news article titled: “Lifeway Foods’ (LWAY) CEO Julie Smolyansky on Q3 2016 Results – Earnings Call …” with publication date: November 11, 2016.

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