What’s in ARC Group Worldwide, Inc. (ARCW) After Forming Wedge Down Pattern?

December 8, 2017 - By Adrian Erickson

Investors sentiment decreased to 1.2 in Q2 2017. Its down 0.30, from 1.5 in 2017Q1. It turned negative, as 1 investors sold ARC Group Worldwide, Inc. shares while 4 reduced holdings. 3 funds opened positions while 3 raised stakes. 3.11 million shares or 8.98% more from 2.86 million shares in 2017Q1 were reported.
Creative Planning holds 0% of its portfolio in ARC Group Worldwide, Inc. (NASDAQ:ARCW) for 25 shares. Deutsche Fincl Bank Ag holds 0% of its portfolio in ARC Group Worldwide, Inc. (NASDAQ:ARCW) for 216 shares. Wells Fargo Mn accumulated 640 shares or 0% of the stock. Morgan Stanley has 11 shares. Vanguard Group Inc has invested 0% in ARC Group Worldwide, Inc. (NASDAQ:ARCW). Dimensional Fund Advisors L P has 18,121 shares for 0% of their portfolio. First Eagle Mgmt Ltd Co holds 0.01% or 1.70 million shares. Blackrock reported 26,419 shares. California Public Employees Retirement System invested in 0% or 19,200 shares. Panagora Asset Inc has 3,975 shares for 0% of their portfolio. Renaissance Technology Ltd stated it has 186,300 shares. Royal National Bank & Trust Of Canada has invested 0% of its portfolio in ARC Group Worldwide, Inc. (NASDAQ:ARCW). Geode Ltd Limited Liability Company invested in 0% or 35,276 shares. Stifel Fin Corporation invested in 0% or 34,945 shares. National Bank & Trust Of America Corp De reported 35 shares.

The stock of ARC Group Worldwide, Inc. (ARCW) formed a down wedge with $2.09 target or 5.00 % below today’s $2.20 share price. The 6 months wedge indicates high risk for the $40.20M company. If the $2.09 price target is reached, the company will be worth $2.01M 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.

The stock decreased 2.22% or $0.05 during the last trading session, reaching $2.2. About 2,889 shares traded. ARC Group Worldwide, Inc. (NASDAQ:ARCW) has risen 55.94% since December 8, 2016 and is uptrending. It has outperformed by 39.24% the S&P500.

ARC Group Worldwide, Inc. (NASDAQ:ARCW) Ratings Coverage

Among 3 analysts covering ARC Group World Wide (NASDAQ:ARCW), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. ARC Group World Wide had 8 analyst reports since September 17, 2015 according to SRatingsIntel. Imperial Capital downgraded it to “In-Line” rating and $5 target in Thursday, September 24 report. Imperial Capital maintained the stock with “In-Line” rating in Thursday, February 11 report. Imperial Capital maintained the stock with “In-Line” rating in Tuesday, November 15 report. Imperial Capital maintained it with “In-Line” rating and $4 target in Tuesday, September 27 report.

More notable recent ARC Group Worldwide, Inc. (NASDAQ:ARCW) news were published by: Seekingalpha.com which released: “ARC Group Worldwide’s (ARCW) CEO Drew Kelley on Q4 2017 Results – Earnings …” on September 27, 2017, also Marketwired.com with their article: “ARC Group Worldwide, Inc. Announces First Quarter Fiscal 2017 Earnings Release …” published on November 02, 2016, Seekingalpha.com published: “ARC Group Worldwide’s (ARCW) CEO Jason Young on Q3 2017 Results – Earnings …” on May 16, 2017. More interesting news about ARC Group Worldwide, Inc. (NASDAQ:ARCW) were released by: Globenewswire.com and their article: “ARC Group Worldwide Announces Initial Results from Strategic Operating Review …” published on September 26, 2017 as well as Marketwired.com‘s news article titled: “ARC Group Worldwide Announces Alan G. Quasha as Chairman” with publication date: April 05, 2016.

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