Is Buying Stock Like RiceBran Technologies (RIBT) After This Bullish Wedge Up Chart Pattern a Winning Strategy?

April 16, 2018 - By Nellie Frank

RiceBran Technologies (NASDAQ:RIBT) Logo

Investors sentiment increased to 1.6 in 2017 Q4. Its up 0.97, from 0.63 in 2017Q3. It improved, as 1 investors sold RiceBran Technologies shares while 4 reduced holdings. 4 funds opened positions while 4 raised stakes. 675,712 shares or 22.38% less from 870,499 shares in 2017Q3 were reported.
Pnc Financial Grp has invested 0% in RiceBran Technologies (NASDAQ:RIBT). Renaissance Technology Limited Liability Company owns 154,800 shares. Bankshares Of America De has invested 0% in RiceBran Technologies (NASDAQ:RIBT). Tortoise Investment Ltd Limited Liability Company invested 0% of its portfolio in RiceBran Technologies (NASDAQ:RIBT). Moreover, Virtu Ltd Liability Company has 0% invested in RiceBran Technologies (NASDAQ:RIBT). Goldman Sachs Gp stated it has 0% in RiceBran Technologies (NASDAQ:RIBT). Fin Architects has 140 shares for 0% of their portfolio. Bard Assocs invested in 52,575 shares. Acadian Asset Mngmt Ltd Liability Corp stated it has 0% in RiceBran Technologies (NASDAQ:RIBT). Cannell Peter B & Incorporated stated it has 42,408 shares. Morgan Stanley holds 280 shares. Deutsche Bank Ag reported 66,307 shares or 0% of all its holdings. Perkins Cap Mgmt has invested 0.28% in RiceBran Technologies (NASDAQ:RIBT). Howe & Rusling Incorporated reported 15 shares. 15,640 are owned by Geode Cap Mngmt Ltd.

Since December 13, 2017, it had 10 buys, and 0 selling transactions for $1.72 million activity. On Thursday, March 22 Smith Robert D bought $3,993 worth of RiceBran Technologies (NASDAQ:RIBT) or 2,680 shares. Goose Michael bought 3,000 shares worth $4,230. The insider BUCKLIN ROBERT S bought 15,000 shares worth $22,500. 2,500 shares valued at $3,513 were bought by Dykes Dennis on Tuesday, March 20. CONTINENTAL GRAIN CO bought $1.65M worth of stock or 1.10 million shares.

The stock of RiceBran Technologies (RIBT) formed an up wedge with $1.72 target or 9.00 % above today’s $1.58 share price. The 7 months wedge indicates low risk for the $28.72 million company. If the $1.72 price target is reached, the company will be worth $2.58 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 1.86% or $0.03 during the last trading session, reaching $1.58. About 50,282 shares traded. RiceBran Technologies (NASDAQ:RIBT) has risen 91.46% since April 16, 2017 and is uptrending. It has outperformed by 79.91% the S&P500.

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