It Seems CA, Inc. (CA) Will Go Down. Formed A Few Months Bearish Ascending Triangle Pattern

June 20, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.11 in Q4 2016. Its down 0.22, from 1.33 in 2016Q3. It is negative, as 51 investors sold CA, Inc. shares while 155 reduced holdings. 48 funds opened positions while 180 raised stakes. 282.13 million shares or 1.33% more from 278.42 million shares in 2016Q3 were reported.
Cambridge Rech Advsrs has invested 0.04% of its portfolio in CA, Inc. (NASDAQ:CA). Shelton Cap Mngmt holds 97,723 shares. Kcg stated it has 0.04% in CA, Inc. (NASDAQ:CA). 840 are held by Liberty Capital Mngmt. Nuveen Asset Ltd Com stated it has 0.08% of its portfolio in CA, Inc. (NASDAQ:CA). London Of Virginia stated it has 1.45% of its portfolio in CA, Inc. (NASDAQ:CA). Bnp Paribas Arbitrage invested in 148,823 shares or 0.02% of the stock. First Midwest Comml Bank Tru Division owns 15,491 shares or 0.06% of their US portfolio. Henderson Group Public Ltd Com accumulated 33,929 shares or 0.01% of the stock. Principal Fincl Group Inc owns 1.77 million shares. Ubs Asset Management Americas reported 0.07% in CA, Inc. (NASDAQ:CA). Miles has invested 0.56% in CA, Inc. (NASDAQ:CA). Delta Lloyd Nv has invested 0.02% of its portfolio in CA, Inc. (NASDAQ:CA). Piedmont Invest Limited Liability Com, a North Carolina-based fund reported 162,179 shares. Gargoyle Invest Advisor Limited has 94,995 shares.

Since May 15, 2017, it had 0 buys, and 1 sale for $21,366 activity.

The stock of CA, Inc. (CA) formed an ascending triangle with $29.23 target or 8.00 % below today’s $31.77 share price. The 7 months triangle pattern indicates high risk for the $13.37B company. If the $29.23 price target is reached, the company will be worth $1.07 billion 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.

About 501,129 shares traded. CA, Inc. (NASDAQ:CA) has risen 0.22% since June 20, 2016 and is uptrending. It has underperformed by 16.48% the S&P500.

CA, Inc. (NASDAQ:CA) Ratings Coverage

Among 10 analysts covering CA Technologies (NASDAQ:CA), 2 have Buy rating, 1 Sell and 7 Hold. Therefore 20% are positive. CA Technologies had 16 analyst reports since August 6, 2015 according to SRatingsIntel. As per Wednesday, November 18, the company rating was upgraded by Standpoint Research. As per Wednesday, January 11, the company rating was initiated by Wells Fargo. TheStreet downgraded the stock to “Hold” rating in Friday, October 23 report. The stock of CA, Inc. (NASDAQ:CA) earned “Neutral” rating by Citigroup on Monday, November 16. The firm has “Overweight” rating given on Tuesday, January 12 by Barclays Capital. As per Friday, September 4, the company rating was maintained by Jefferies. The company was maintained on Thursday, October 22 by FBR Capital. As per Friday, July 15, the company rating was downgraded by Barclays Capital. The stock of CA, Inc. (NASDAQ:CA) has “Neutral” rating given on Thursday, July 14 by Mizuho. The firm has “Buy” rating by Mizuho given on Friday, January 22.

Another recent and important CA, Inc. (NASDAQ:CA) news was published by which published an article titled: “Stock Performance Review on Tech Sector — CA Inc., Angie’s List, SS&C …” on June 19, 2017.

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