Kentucky First Federal Bancorp (KFFB) Formed a Bearish Wedge Down Pattern, Could Be One of The Worst Performers Going Forward

July 17, 2017 - By Maria Brooks

Investors sentiment decreased to 0.67 in 2016 Q4. Its down 4.33, from 5 in 2016Q3. It turned negative, as 2 investors sold Kentucky First Federal Bancorp shares while 1 reduced holdings. 2 funds opened positions while 0 raised stakes. 207,078 shares or 46.67% less from 388,300 shares in 2016Q3 were reported.
Dimensional Fund Advsrs Ltd Partnership holds 0% of its portfolio in Kentucky First Federal Bancorp (NASDAQ:KFFB) for 89,091 shares. Creative Planning reported 550 shares. Morgan Stanley reported 4,039 shares. Farmers Comml Bank stated it has 0.11% of its portfolio in Kentucky First Federal Bancorp (NASDAQ:KFFB). Blackrock Invest Management Ltd reported 396 shares. Glacier Peak Ltd Company holds 13,467 shares or 0.07% of its portfolio. Huntington Fincl Bank accumulated 200 shares or 0% of the stock. Wells Fargo And Com Mn owns 1 shares. Blackrock Fund Advisors accumulated 844 shares. Arbiter Prtnrs Capital Management Lc reported 77,978 shares stake.

Since June 2, 2017, it had 1 insider purchase, and 0 selling transactions for $76,960 activity.

The stock of Kentucky First Federal Bancorp (KFFB) formed a down wedge with $9.54 target or 3.00 % below today’s $9.83 share price. The 6 months wedge indicates high risk for the $85.89 million company. If the $9.54 price target is reached, the company will be worth $2.58M 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 shares traded. Kentucky First Federal Bancorp (NASDAQ:KFFB) has risen 7.22% since July 17, 2016 and is uptrending. It has underperformed by 9.48% the S&P500.

More important recent Kentucky First Federal Bancorp (NASDAQ:KFFB) news were published by: Streetinsider.com which released: “Kentucky First Federal Bancorp (KFFB) Declares $0.10 Quarterly Dividend; 4.2 …” on April 21, 2012, also Globenewswire.com published article titled: “Kentucky First Federal Bancorp Announces Completion of Acquisition of CKF …”, Streetinsider.com published: “Form 8-K Kentucky First Federal For: Jul 07” on July 07, 2017. More interesting news about Kentucky First Federal Bancorp (NASDAQ:KFFB) was released by: Globenewswire.com and their article: “Kentucky First Federal Bancorp Announces Merger of Subsidiary Banks” with publication date: February 02, 2015.

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