What’s Next for Streamline Health Solutions Inc. (STRM) After Forming Bearish Double Bottom Pattern?

September 12, 2017 - By Vivian Currie

Investors sentiment increased to 1.13 in 2016 Q4. Its up 0.49, from 0.64 in 2016Q3. It increased, as 2 investors sold Streamline Health Solutions Inc. shares while 6 reduced holdings. 2 funds opened positions while 7 raised stakes. 7.72 million shares or 3.68% more from 7.45 million shares in 2016Q3 were reported.
Geode Capital Mgmt Ltd Liability Corporation has 0% invested in Streamline Health Solutions Inc. (NASDAQ:STRM). Lifeplan Fincl owns 0.11% invested in Streamline Health Solutions Inc. (NASDAQ:STRM) for 120,000 shares. First Manhattan accumulated 529 shares or 0% of the stock. Great Point Prtnrs Limited Liability reported 0.04% of its portfolio in Streamline Health Solutions Inc. (NASDAQ:STRM). First Light Asset Mgmt Ltd Liability stated it has 0.89% in Streamline Health Solutions Inc. (NASDAQ:STRM). Blackrock Institutional Tru Na, California-based fund reported 383,729 shares. Nantahala Capital Mgmt Lc holds 1.47 million shares or 0.19% of its portfolio. Sterling Cap Mngmt Limited Liability owns 17,616 shares or 0% of their US portfolio. Susquehanna Intll Gru Limited Liability Partnership holds 0% of its portfolio in Streamline Health Solutions Inc. (NASDAQ:STRM) for 37,884 shares. Commerce Commercial Bank holds 0% in Streamline Health Solutions Inc. (NASDAQ:STRM) or 33,000 shares. Globeflex Lp invested in 452 shares. Kennedy Capital Mngmt, a Missouri-based fund reported 373,025 shares. Panagora Asset Management invested in 0% or 8,227 shares. Acadian Asset Mngmt Ltd Liability Corporation owns 2,214 shares or 0% of their US portfolio. Highland Cap Mngmt Limited Partnership holds 0.03% or 489,075 shares in its portfolio.

Since June 15, 2017, it had 2 buys, and 0 selling transactions for $21,300 activity. Another trade for 10,000 shares valued at $10,300 was bought by Priest Shaun Linwood.

The chart of Streamline Health Solutions Inc. (STRM) shows a double bottom with $1.32 target or 5.00 % below today’s $1.39 share price. The 7 months chart pattern indicates high risk for the $27.32M company. It was reported on Sep, 12 by Finviz.com. If the $1.32 price target is reached, the company will be worth $1.37M less. Double bottoms are rare but powerful chart patterns.

About 13,662 shares traded. Streamline Health Solutions Inc. (NASDAQ:STRM) has risen 7.69% since September 12, 2016 and is uptrending. It has underperformed by 9.01% the S&P500.

Streamline Health Solutions Inc. (NASDAQ:STRM) Ratings Coverage

Among 2 analysts covering Streamline Health (NASDAQ:STRM), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Streamline Health had 3 analyst reports since September 4, 2015 according to SRatingsIntel. Lake Street upgraded the shares of STRM in report on Friday, September 4 to “Buy” rating. Lake Street downgraded the shares of STRM in report on Monday, April 25 to “Hold” rating. As per Friday, September 4, the company rating was maintained by Cowen & Co.

More notable recent Streamline Health Solutions Inc. (NASDAQ:STRM) news were published by: Prnewswire.com which released: “Streamline Health To Introduce New Looking Glass® eValuatorâ„¢ Software …” on February 16, 2017, also Prnewswire.com with their article: “Streamline Health® Acquires Opportune IT Healthcare Solutions” published on September 08, 2016, Seekingalpha.com published: “Streamline Health Solutions’ (STRM) CEO David Sides on Q4 2016 Results …” on April 11, 2017. More interesting news about Streamline Health Solutions Inc. (NASDAQ:STRM) were released by: Prnewswire.com and their article: “Streamline Health® Reports Fourth Quarter And Fiscal Year 2016 Financial …” published on April 10, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Niraj Gupta reports 6.92 percent passive stake in Streamline Health …” with publication date: May 18, 2017.

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