Stock Buzzer: United Community Bancorp Inc Draws Bearish Focus After Its Gap Down Today

Stock Buzzer: United Community Bancorp Inc Draws Bearish Focus After Its Gap Down Today

The stock of United Community Bancorp Inc (NASDAQ:UCBA) gapped down by $0.01 today and has $13.03 target or 14.00% below today’s $15.15 share price. The 9 months technical chart setup indicates high risk for the $64.32 million company. The gap down was reported on Oct, 1 by Barchart.com. If the $13.03 price target is reached, the company will be worth $9.00 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 0.07% or $0.01 on September 30, hitting $15.15. About 11,115 shares traded hands or 937.82% up from the average. United Community Bancorp Inc (NASDAQ:UCBA) has risen 10.34% since February 29, 2016 and is uptrending. It has underperformed by 0.08% the S&P500.

Analysts await United Community Bancorp Inc (NASDAQ:UCBA) to report earnings on November, 1.

According to Zacks Investment Research, “United Community Bancorp is the holding company of United Community Bank, headquartered in Lawrenceburg, Indiana. The Company provides various banking services and products to consumers and businesses in southeastern Indiana. Its deposit products include checking accounts, NOW and money market accounts, regular savings accounts, and certificates of deposit. Its lending portfolio comprises one-to four-family residential real estate loans, multi-family real estate loans, nonresidential real estate and land loans, construction loans, commercial loans, and consumer loans, such as home equity loans, lines of credit, loans secured by savings accounts or certificate of deposits, new farm and garden equipment loans, automobile and recreational vehicle loans, and secured and unsecured personal loans. United Community Bancorp is a subsidiary of United Community MHC, a federally chartered mutual holding company.”

Insitutional Activity: The institutional sentiment decreased to 1.4 in 2016 Q2. Its down 0.35, from 1.75 in 2016Q1. The ratio dropped, as 3 funds sold all United Community Bancorp Inc shares owned while 2 reduced positions. 1 funds bought stakes while 6 increased positions. They now own 953,972 shares or 0.84% more from 946,046 shares in 2016Q1.
Blackrock Fund Advisors accumulated 754 shares or 0% of the stock. Gendell Jeffrey L has invested 0.25% of its portfolio in United Community Bancorp Inc (NASDAQ:UCBA). Dimensional Fund Advsrs L P has 0% invested in the company for 12,843 shares. Alliancebernstein Limited Partnership has 169,988 shares for 0% of their US portfolio. Hutchin Hill Capital Limited Partnership last reported 100,000 shares in the company. Huntington Bancorp, a Ohio-based fund reported 4,915 shares. Vanguard Gru owns 34,173 shares or 0% of their US portfolio. Fj Management Limited Liability holds 20,000 shares or 0.06% of its portfolio. Tower Rech Capital Llc (Trc) has invested 0% of its portfolio in United Community Bancorp Inc (NASDAQ:UCBA). Blackrock Investment Limited Liability reported 614 shares or 0% of all its holdings. Forest Hill Lc has invested 0.14% of its portfolio in United Community Bancorp Inc (NASDAQ:UCBA). Maltese Cap Mgmt Ltd Liability Co accumulated 0.52% or 296,886 shares. State Bank Of America Corp De has 0% invested in the company for 3,943 shares. Bridgeway Management, a Texas-based fund reported 48,000 shares. Salzhauer Michael, a New York-based fund reported 55,000 shares.

Another recent and important United Community Bancorp Inc (NASDAQ:UCBA) news was published by Nola.com which published an article titled: “United Community Bancshares to merge with Community Bancorp of Louisiana” on September 29, 2014.

UCBA Company Profile

United Community Bancorp, Inc., incorporated on July 17, 1981, is the holding firm for United Community Bank (the Bank), which is a federally chartered savings bank. The Firm operates in provision traditional banking services segment. The Bank offers various services in various categories, such as personal banking services, small business services and commercial services. The Bank’s personal banking services include checking accounts options, including rewards checking, student checking and interest bearing checking; online services, including online banking, online billpay, mobile banking and e-mail alerts; debit and credit cards, and financial services, including investments, insurance and trust services. The Bank’s small business services include free small business checking, business checking, merchant services, cash management and financial services, including retirement and insurance.

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