The Central and Eastern Europe (CEE) Stock Faces Higher Risks Forward After Forming Bearish Wedge Down Pattern

July 16, 2018 - By Victoria Pittman

Investors sentiment increased to 1.67 in Q1 2018. Its up 0.67, from 1 in 2017Q4. It is positive, as 0 investors sold The Central and Eastern Europe shares while 6 reduced holdings. 4 funds opened positions while 6 raised stakes. 4.02 million shares or 5.05% less from 4.24 million shares in 2017Q4 were reported.
Hanson & Doremus Invest Management has invested 0% in The Central and Eastern Europe (NYSE:CEE). Tower Capital Ltd Limited Liability Company (Trc) owns 0% invested in The Central and Eastern Europe (NYSE:CEE) for 400 shares. 938 were reported by Royal State Bank Of Canada. Thomas J Herzfeld Advsrs owns 0.02% invested in The Central and Eastern Europe (NYSE:CEE) for 1,783 shares. Wells Fargo & Company Mn reported 0.01% in The Central and Eastern Europe (NYSE:CEE). Meridian Inv Counsel owns 0.38% invested in The Central and Eastern Europe (NYSE:CEE) for 26,429 shares. Citigroup holds 0% of its portfolio in The Central and Eastern Europe (NYSE:CEE) for 2 shares. Wolverine Asset Mgmt Ltd Co holds 12,356 shares or 0% of its portfolio. Lazard Asset Management Ltd Com reported 1.11M shares. Morgan Stanley owns 0% invested in The Central and Eastern Europe (NYSE:CEE) for 18,392 shares. Cornerstone Advsr invested in 75,224 shares or 0.23% of the stock. Barclays Public Limited Company, United Kingdom-based fund reported 700 shares. National Bank & Trust Of America De has 0% invested in The Central and Eastern Europe (NYSE:CEE). Strs Ohio stated it has 252,168 shares or 0.03% of all its holdings. Css Limited Liability Corp Il reported 0.03% of its portfolio in The Central and Eastern Europe (NYSE:CEE).

The stock of The Central and Eastern Europe (CEE) formed a down wedge with $22.36 target or 7.00 % below today’s $24.05 share price. The 9 months wedge indicates high risk for the $168.63 million company. If the $22.36 price target is reached, the company will be worth $11.80M 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 0.38% or $0.0925 during the last trading session, reaching $24.0475. About 1,367 shares traded. The Central and Eastern Europe (NYSE:CEE) has risen 9.06% since July 16, 2017 and is uptrending. It has underperformed by 3.51% the S&P500.

Another recent and important The Central and Eastern Europe (NYSE:CEE) news was published by Businesswire.com which published an article titled: “The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc …” on June 22, 2018.

The Central and Eastern Europe Fund, Inc. is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc. The company has market cap of $168.63 million. The fund is managed by Deutsche Asset Management International GmbH. It has a 6.47 P/E ratio. It invests in the public equity markets across Central and Eastern Europe.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.