What’s Next for Baldwin & Lyons, Inc. (BWINB) After Forming Multiple Bottom Pattern?

January 18, 2018 - By Winifred Garcia

Investors sentiment increased to 1.31 in Q3 2017. Its up 0.03, from 1.28 in 2017Q2. It improved, as 9 investors sold Baldwin & Lyons, Inc. shares while 20 reduced holdings. 13 funds opened positions while 25 raised stakes. 7.42 million shares or 5.63% more from 7.02 million shares in 2017Q2 were reported.
Bridgeway Management Inc reported 119,000 shares. Tower Rech Capital Ltd Liability Corporation (Trc) holds 1,331 shares or 0% of its portfolio. National Bank Of Montreal Can stated it has 946 shares or 0% of all its holdings. 75,817 are owned by Fincl Bank Of America Corporation De. Ameriprise holds 0% or 186,108 shares in its portfolio. Employees Retirement Association Of Colorado invested in 13,700 shares or 0% of the stock. Alliancebernstein Lp invested in 12,650 shares. Deprince Race Zollo holds 0.18% or 350,431 shares in its portfolio. Blackrock Incorporated accumulated 909,515 shares. Great West Life Assurance Can has invested 0% in Baldwin & Lyons, Inc. (NASDAQ:BWINB). Invesco Ltd holds 0% of its portfolio in Baldwin & Lyons, Inc. (NASDAQ:BWINB) for 27,167 shares. Us State Bank De accumulated 10,508 shares. Indexiq Advisors Limited Com has invested 0.03% in Baldwin & Lyons, Inc. (NASDAQ:BWINB). Commonwealth Equity Ser Inc holds 23,829 shares or 0% of its portfolio. Swiss Bancshares, a Switzerland-based fund reported 16,600 shares.

The stock of Baldwin & Lyons, Inc. (BWINB) shows a multiple bottoms pattern with $22.51 target or 6.00 % below today’s $23.95 share price. The 5 months chart pattern indicates high risk for the $359.49M company. It was reported on Jan, 18 by Finviz.com. If the $22.51 price target is reached, the company will be worth $21.57 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 1.48% or $0.35 during the last trading session, reaching $23.95. About 17,085 shares traded or 10.28% up from the average. Baldwin & Lyons, Inc. (NASDAQ:BWINB) has declined 3.36% since January 18, 2017 and is downtrending. It has underperformed by 20.06% the S&P500.

More important recent Baldwin & Lyons, Inc. (NASDAQ:BWINB) news were published by: Globenewswire.com which released: “Baldwin & Lyons, Inc. Announces Fourth Quarter 2017 Earnings Release Date and …” on December 20, 2017, also Globenewswire.com published article titled: “Baldwin & Lyons, Inc., Announces Appointment of LoriAnn Lowery-Biggers to …”, Globenewswire.com published: “Baldwin & Lyons, Inc. Announces Third Quarter 2017 Earnings Release Date and …” on September 15, 2017. More interesting news about Baldwin & Lyons, Inc. (NASDAQ:BWINB) was released by: Globenewswire.com and their article: “Baldwin & Lyons Announces Quarterly Dividend” with publication date: November 07, 2017.

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