Is Selling Stock Like voxeljet AG (VJET) After This Bearish Multiple Bottom Winning Strategy?

September 8, 2018 - By Billy Entrekin

Investors sentiment increased to 1.5 in 2018 Q1. Its up 0.36, from 1.14 in 2017Q4. It is positive, as 4 investors sold voxeljet AG shares while 2 reduced holdings. 2 funds opened positions while 7 raised stakes. 1.06 million shares or 1.72% less from 1.08 million shares in 2017Q4 were reported.
Susquehanna Int Group Llp accumulated 71,867 shares or 0% of the stock. New York-based Bancshares Of New York Mellon has invested 0% in voxeljet AG (NYSE:VJET). Wells Fargo & Mn has invested 0% in voxeljet AG (NYSE:VJET). Morgan Stanley holds 5,756 shares or 0% of its portfolio. Cwm holds 0% of its portfolio in voxeljet AG (NYSE:VJET) for 300 shares. Blackrock holds 25 shares. Ontario – Canada-based Royal National Bank & Trust Of Canada has invested 0% in voxeljet AG (NYSE:VJET). California Pub Employees Retirement System stated it has 25,000 shares or 0% of all its holdings. Grp Inc One Trading Lp owns 5,772 shares. Retail Bank Of America Corp De accumulated 781,298 shares. Moreover, Sei Comm has 0% invested in voxeljet AG (NYSE:VJET) for 700 shares. Raymond James & Associates accumulated 12,655 shares. Moreover, Oakworth Capital has 0% invested in voxeljet AG (NYSE:VJET) for 1,500 shares. Barclays Public Limited Co has 0% invested in voxeljet AG (NYSE:VJET). Citigroup holds 0% of its portfolio in voxeljet AG (NYSE:VJET) for 700 shares.

The stock of voxeljet AG (VJET) shows a multiple bottoms pattern with $3.90 target or 3.00 % below today’s $4.02 share price. The 6 months chart pattern indicates high risk for the $74.77M company. It was reported on Sep, 8 by Finviz.com. If the $3.90 price target is reached, the company will be worth $2.24M 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 0.25% or $0.01 during the last trading session, reaching $4.02. About 41,792 shares traded. voxeljet AG (NYSE:VJET) has declined 35.30% since September 8, 2017 and is downtrending. It has underperformed by 47.87% the S&P500.

Analysts await voxeljet AG (NYSE:VJET) to report earnings on November, 8. They expect $-0.09 EPS, down 50.00 % or $0.03 from last year’s $-0.06 per share. After $-0.18 actual EPS reported by voxeljet AG for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.

More recent voxeljet AG (NYSE:VJET) news were published by: Seekingalpha.com which released: “voxeljet AG (VJET) CEO Ingo Ederer on Q2 2018 Results – Earnings Call Transcript” on August 17, 2018. Also Seekingalpha.com published the news titled: “voxeljet AG 2018 Q2 – Results – Earnings Call Slides” on August 17, 2018. Businesswire.com‘s news article titled: “voxeljet AG Expands its 3D Printing Materials Portfolio for Direct Parts from High Speed Sintering (HSS) with …” with publication date: September 04, 2018 was also an interesting one.

voxeljet AG provides three-dimensional printers and on-demand parts services to industrial and commercial clients worldwide. The company has market cap of $74.77 million. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets. It currently has negative earnings. The firm operates in two divisions, Systems and Services.

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