Will Vuzix Corporation (VUZI) Short Squeeze Soon? The Stock Formed a Bearish Wedge Down

July 17, 2017 - By Vivian Park

Investors sentiment decreased to 1.82 in Q4 2016. Its down 0.56, from 2.38 in 2016Q3. It fall, as 7 investors sold Vuzix Corporation shares while 4 reduced holdings. 10 funds opened positions while 10 raised stakes. 2.29 million shares or 59.52% more from 1.43 million shares in 2016Q3 were reported.
Lba Wealth Mngmt Llc invested in 0% or 600 shares. Carl Domino stated it has 12,000 shares. Bluestein R H And accumulated 10,000 shares. Peak6 Lp holds 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI) for 30,421 shares. Pnc Fincl Grp Inc reported 450 shares. Price T Rowe Assocs Inc Md, Maryland-based fund reported 19,600 shares. Morgan Stanley owns 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 168,490 shares. Geode Cap Mgmt Ltd Limited Liability Company accumulated 0% or 77,999 shares. California-based Blackrock Fund Advsr has invested 0% in Vuzix Corporation (NASDAQ:VUZI). Moreover, Thompson Davis has 0.15% invested in Vuzix Corporation (NASDAQ:VUZI). Vanguard Group Incorporated invested in 0% or 523,518 shares. Da Davidson Company has 500 shares for 0% of their portfolio. 2,366 are held by Blackrock Investment Mngmt Ltd Limited Liability Company. Savings Bank Of Montreal Can holds 0% in Vuzix Corporation (NASDAQ:VUZI) or 88,500 shares. One Trading Limited Partnership has invested 0% in Vuzix Corporation (NASDAQ:VUZI).

Since January 20, 2017, it had 2 insider purchases, and 0 selling transactions for $20,194 activity. Another trade for 350 shares valued at $2,181 was made by Travers Paul J on Tuesday, January 31.

The stock of Vuzix Corporation (VUZI) formed a down wedge with $6.41 target or 4.00 % below today’s $6.68 share price. The 9 months wedge indicates high risk for the $137.76M company. If the $6.41 price target is reached, the company will be worth $5.51 million 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 39,527 shares traded. Vuzix Corporation (NASDAQ:VUZI) has risen 11.43% since July 17, 2016 and is uptrending. It has underperformed by 5.27% the S&P500.

Vuzix Corporation (NASDAQ:VUZI) Ratings Coverage

Among 4 analysts covering Vuzix (NASDAQ:VUZI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Vuzix had 8 analyst reports since August 17, 2015 according to SRatingsIntel. The company was maintained on Monday, June 26 by Maxim Group. The stock of Vuzix Corporation (NASDAQ:VUZI) has “Buy” rating given on Thursday, December 10 by Rodman & Renshaw. The stock of Vuzix Corporation (NASDAQ:VUZI) has “Buy” rating given on Monday, September 28 by Chardan Capital Markets. The stock has “Buy” rating by Chardan Capital Markets on Monday, August 17. The stock of Vuzix Corporation (NASDAQ:VUZI) earned “Hold” rating by Zacks on Friday, August 21. Maxim Group initiated the shares of VUZI in report on Friday, October 28 with “Buy” rating. The firm earned “Buy” rating on Monday, December 14 by Chardan Capital Markets. H.C. Wainwright initiated the shares of VUZI in report on Thursday, December 10 with “Buy” rating.

More notable recent Vuzix Corporation (NASDAQ:VUZI) news were published by: Prnewswire.com which released: “Vuzix Releases M300 OS 1.2 Firmware Update and SDK 1.0 for Registered Developers” on July 13, 2017, also Streetinsider.com with their article: “Vuzix Corp. (VUZI) Appoints Timothy Harned to its Board of Directors” published on June 19, 2017, Huffingtonpost.com published: “Toshiba to Develop Smart Glasses with Vuzix Corporation” on February 28, 2017. More interesting news about Vuzix Corporation (NASDAQ:VUZI) were released by: Prnewswire.com and their article: “Vuzix to Present at the 2017 SID Stifel DSCC Investors Conference” published on May 17, 2017 as well as Seekingalpha.com‘s news article titled: “Commercial Augmented Reality Is Where Vuzix Should Reward Shareholders” with publication date: July 10, 2017.

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