Bearish Chart Formation for STAG Industrial, Inc. (STAG) After Forming Bearish Ascending Triangle Pattern

December 8, 2017 - By reb123z

Investors sentiment increased to 1.97 in Q2 2017. Its up 0.62, from 1.35 in 2017Q1. It increased, as 12 investors sold STAG Industrial, Inc. shares while 47 reduced holdings. 33 funds opened positions while 83 raised stakes. 73.85 million shares or 9.92% more from 67.19 million shares in 2017Q1 were reported.
Hanson Mcclain accumulated 500 shares or 0% of the stock. The Massachusetts-based Moors & Cabot has invested 0.07% in STAG Industrial, Inc. (NYSE:STAG). Gam Ag reported 7,566 shares. Wells Fargo And Mn holds 0.01% or 574,946 shares. State Of Alaska Department Of Revenue holds 44,470 shares. Credit Suisse Ag reported 212,860 shares. Advantus Cap Mngmt has invested 0.14% in STAG Industrial, Inc. (NYSE:STAG). Sigma Planning Corporation has 0.05% invested in STAG Industrial, Inc. (NYSE:STAG) for 19,292 shares. Hall Laurie J Trustee holds 0% or 4,250 shares. Westpac has 46,708 shares for 0% of their portfolio. Schwab Charles Inv Mngmt, a California-based fund reported 361,585 shares. Sg Americas Ltd Llc reported 0% stake. Credit Agricole S A owns 0% invested in STAG Industrial, Inc. (NYSE:STAG) for 53,076 shares. Goldman Sachs Grp holds 716,778 shares or 0.01% of its portfolio. Endurance Wealth Management owns 392,551 shares.

The stock of STAG Industrial, Inc. (STAG) formed an ascending triangle with $25.23 target or 9.00 % below today’s $27.72 share price. The 8 months triangle pattern indicates high risk for the $2.68 billion company. If the $25.23 price target is reached, the company will be worth $241.38 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.02% or $0.28 during the last trading session, reaching $27.72. About 428,357 shares traded. STAG Industrial, Inc. (NYSE:STAG) has risen 29.68% since December 8, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Analysts await STAG Industrial, Inc. (NYSE:STAG) to report earnings on February, 15. They expect $0.44 EPS, up 4.76 % or $0.02 from last year’s $0.42 per share. STAG’s profit will be $42.57 million for 15.75 P/E if the $0.44 EPS becomes a reality. After $0.43 actual EPS reported by STAG Industrial, Inc. for the previous quarter, Wall Street now forecasts 2.33 % EPS growth.

STAG Industrial, Inc. (NYSE:STAG) Ratings Coverage

Among 11 analysts covering Stag Industrial (NYSE:STAG), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Stag Industrial had 23 analyst reports since September 8, 2015 according to SRatingsIntel. Jefferies maintained STAG Industrial, Inc. (NYSE:STAG) on Monday, October 30 with “Buy” rating. The firm earned “Outperform” rating on Monday, August 14 by Evercore. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 5 report. Jefferies maintained STAG Industrial, Inc. (NYSE:STAG) on Friday, June 23 with “Buy” rating. The firm earned “Overweight” rating on Friday, October 14 by CapitalOne. Raymond James maintained it with “Outperform” rating and $28.5 target in Wednesday, August 9 report. The firm has “Buy” rating given on Sunday, August 20 by Jefferies. The firm has “Buy” rating given on Monday, September 25 by Jefferies. DA Davidson maintained STAG Industrial, Inc. (NYSE:STAG) rating on Friday, August 5. DA Davidson has “Buy” rating and $26 target. Ladenburg maintained STAG Industrial, Inc. (NYSE:STAG) on Wednesday, August 2 with “Buy” rating.

More recent STAG Industrial, Inc. (NYSE:STAG) news were published by: which released: “Stag Industrial Has More Upside Remaining” on November 29, 2017. Also published the news titled: “STAG Industrial: Booming 5% Yield With Room To Run, But Watch It Closely” on November 19, 2017.‘s news article titled: “STAG Industrial: Be Fearful When Others Are Greedy” with publication date: November 26, 2017 was also an interesting one.

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