RCM Technologies, Inc. (RCMT) Could Burn Your Portfolio. The Stock Formed Multiple Bottom

September 16, 2018 - By Victoria Pittman

RCM Technologies, Inc. (NASDAQ:RCMT) Logo

Investors sentiment increased to 2.17 in 2018 Q2. Its up 0.60, from 1.57 in 2018Q1. It increased, as 0 investors sold RCM Technologies, Inc. shares while 6 reduced holdings. 8 funds opened positions while 5 raised stakes. 3.83 million shares or 0.99% more from 3.80 million shares in 2018Q1 were reported.
Earnest Ptnrs Ltd Liability Company holds 0% of its portfolio in RCM Technologies, Inc. (NASDAQ:RCMT) for 3,700 shares. Blackrock holds 0% in RCM Technologies, Inc. (NASDAQ:RCMT) or 39,862 shares. Northern Trust owns 20,833 shares. Vanguard Gp invested 0% of its portfolio in RCM Technologies, Inc. (NASDAQ:RCMT). Tower Rech Ltd Company (Trc) holds 2,544 shares or 0% of its portfolio. Royal Financial Bank Of Canada has invested 0% in RCM Technologies, Inc. (NASDAQ:RCMT). Reilly Advisors Limited Com holds 0% or 1,430 shares. Panagora Asset Management owns 1,887 shares. Clarivest Asset Mngmt Ltd Liability Corporation accumulated 21,271 shares. The New York-based National Bank & Trust Of Ny Mellon Corporation has invested 0% in RCM Technologies, Inc. (NASDAQ:RCMT). Macquarie Grp Ltd holds 32,454 shares or 0% of its portfolio. Spark Investment Mngmt Ltd Liability Com invested in 0% or 13,000 shares. Bard Associates has invested 0.16% of its portfolio in RCM Technologies, Inc. (NASDAQ:RCMT). Geode Management Ltd Liability invested in 40,694 shares. Deutsche Bank & Trust Ag owns 51,446 shares.

The stock of RCM Technologies, Inc. (RCMT) shows a multiple bottoms pattern with $4.61 target or 3.00 % below today’s $4.75 share price. The 7 months chart pattern indicates high risk for the $58.36 million company. It was reported on Sep, 16 by Finviz.com. If the $4.61 price target is reached, the company will be worth $1.75M 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 0.64% or $0.03 during the last trading session, reaching $4.75. About 6,093 shares traded. RCM Technologies, Inc. (NASDAQ:RCMT) has risen 3.96% since September 16, 2017 and is uptrending. It has underperformed by 11.66% the S&P500.

RCM Technologies, Inc. provides business and technology solutions to the commercial and government sectors in the United States, Canada, and the Puerto Rico. The company has market cap of $58.36 million. The firm operates through three divisions: Engineering, Information Technology, and Specialty Health Care Services. It has a 21.3 P/E ratio. The Engineering segment provides engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, reliability centered maintenance, component and equipment testing, and risk management engineering.

RCM Technologies, Inc. (NASDAQ:RCMT) Institutional Positions Chart

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.