Is Selling Diebold Nixdorf, Incorporated (DBD) Here a Winning Strategy? The Stock Formed Bearish Wedge Down Chart Pattern

February 15, 2018 - By Migdalia James

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It turned negative, as 42 investors sold Diebold Nixdorf, Incorporated shares while 56 reduced holdings. 41 funds opened positions while 72 raised stakes. 81.54 million shares or 3.25% more from 78.97 million shares in 2017Q2 were reported.
Employees Retirement Association Of Colorado invested in 0% or 10,937 shares. 6.90 million were reported by Southernsun Asset Management Ltd Limited Liability Company. Arizona State Retirement Systems stated it has 42,789 shares. Rmb Capital Mngmt Limited Liability Corporation accumulated 171,611 shares or 0.1% of the stock. Lenox Wealth Management owns 0% invested in Diebold Nixdorf, Incorporated (NYSE:DBD) for 600 shares. Jfs Wealth Ltd Liability Co, Pennsylvania-based fund reported 6,467 shares. Retail Bank Of Montreal Can has 16,677 shares for 0% of their portfolio. Ontario – Canada-based Royal National Bank & Trust Of Canada has invested 0.01% in Diebold Nixdorf, Incorporated (NYSE:DBD). Managed Asset Portfolios reported 1.32% stake. Schwab Charles Mngmt reported 553,736 shares. Louisiana State Employees Retirement System reported 20,200 shares. Natixis, a France-based fund reported 32,523 shares. Gamco Inc Et Al holds 0.55% of its portfolio in Diebold Nixdorf, Incorporated (NYSE:DBD) for 3.89M shares. Amalgamated Bancorp stated it has 0.01% of its portfolio in Diebold Nixdorf, Incorporated (NYSE:DBD). Swiss Savings Bank holds 112,959 shares.

Since December 15, 2017, it had 1 insider purchase, and 0 selling transactions for $66,978 activity.

The stock of Diebold Nixdorf, Incorporated (DBD) formed a down wedge with $14.85 target or 6.00 % below today’s $15.80 share price. The 9 months wedge indicates high risk for the $1.19B company. If the $14.85 price target is reached, the company will be worth $71.58M 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.

The stock increased 1.94% or $0.3 during the last trading session, reaching $15.8. About 944,189 shares traded. Diebold Nixdorf, Incorporated (NYSE:DBD) has risen 12.54% since February 15, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Diebold Nixdorf, Incorporated (NYSE:DBD) Ratings Coverage

Among 10 analysts covering Diebold Inc (NYSE:DBD), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Diebold Inc had 28 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Diebold Nixdorf, Incorporated (NYSE:DBD) has “Buy” rating given on Thursday, November 16 by J.P. Morgan. JP Morgan maintained the shares of DBD in report on Monday, February 12 with “Overweight” rating. Imperial Capital maintained the stock with “In-Line” rating in Wednesday, September 16 report. The firm has “Buy” rating given on Thursday, July 6 by Lake Street. The stock of Diebold Nixdorf, Incorporated (NYSE:DBD) has “Neutral” rating given on Monday, August 15 by JP Morgan. The stock of Diebold Nixdorf, Incorporated (NYSE:DBD) has “Outperform” rating given on Thursday, February 4 by Wedbush. The stock has “Outperform” rating by Imperial Capital on Thursday, January 19. Credit Suisse maintained Diebold Nixdorf, Incorporated (NYSE:DBD) on Wednesday, May 31 with “Buy” rating. JP Morgan upgraded the shares of DBD in report on Monday, September 26 to “Overweight” rating. Northcoast upgraded the shares of DBD in report on Monday, January 25 to “Buy” rating.

More notable recent Diebold Nixdorf, Incorporated (NYSE:DBD) news were published by: Fool.com which released: “Why Diebold Nixdorf Inc. Stock Popped Today” on November 16, 2017, also Cleveland.com with their article: “Diebold Nixdorf CEO Andy Mattes steps down” published on December 13, 2017, Seekingalpha.com published: “Diebold Nixdorf: Acquiring Revenue Can Quickly Destroy Shareholder Value” on November 29, 2017. More interesting news about Diebold Nixdorf, Incorporated (NYSE:DBD) were released by: Seekingalpha.com and their article: “First ‘jackpotting’ attacks hit US ATMs” published on January 28, 2018 as well as Streetinsider.com‘s news article titled: “Form 4 DIEBOLD NIXDORF, Inc For: Feb 11 Filed by: Leiken Jonathan” with publication date: February 09, 2018.

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