Could Amber Road Inc (AMBR) See a Reversal After Having Formed Several Months Bearish Multiple Bottom Chart Pattern

September 17, 2017 - By test

Investors sentiment decreased to 1.55 in 2016 Q4. Its down 1.05, from 2.6 in 2016Q3. It dived, as 11 investors sold Amber Road Inc shares while 22 reduced holdings. 21 funds opened positions while 30 raised stakes. 16.34 million shares or 8.50% more from 15.06 million shares in 2016Q3 were reported.
Oppenheimer And holds 0.12% of its portfolio in Amber Road Inc (NYSE:AMBR) for 453,075 shares. Barclays Public Ltd Company holds 0% in Amber Road Inc (NYSE:AMBR) or 7,627 shares. Oaktop Mngmt Ii Lp, a New Jersey-based fund reported 34,089 shares. Highbridge Cap Limited Com has invested 0% in Amber Road Inc (NYSE:AMBR). National Bank & Trust Of New York Mellon Corp accumulated 86,957 shares or 0% of the stock. Mufg Americas Holdings stated it has 1,236 shares or 0% of all its holdings. Goldman Sachs Gp, New York-based fund reported 21,531 shares. Bridgeway Management, Texas-based fund reported 93,100 shares. Millennium Management Ltd Limited Liability Company, a New York-based fund reported 239,210 shares. Northern Trust Corp holds 181,424 shares or 0% of its portfolio. Parametric Portfolio Assocs Limited Liability Com holds 0% or 12,132 shares in its portfolio. Tiaa Cref Investment Mgmt Ltd Co reported 0% of its portfolio in Amber Road Inc (NYSE:AMBR). Cortina Asset Management Limited Liability invested in 0.27% or 706,336 shares. Blackrock Fund Advsrs owns 568,721 shares. Tower Research Capital Ltd Company (Trc), a New York-based fund reported 455 shares.

Since March 30, 2017, it had 0 insider buys, and 9 sales for $13.74 million activity. 582,862 shares were sold by CALDWELL DONALD R, worth $4.11 million. 60,004 Amber Road Inc (NYSE:AMBR) shares with value of $420,141 were sold by Cross Atlantic Capital Partners – Inc.. $30,529 worth of Amber Road Inc (NYSE:AMBR) shares were sold by Cooke Albert C III.

The stock of Amber Road Inc (AMBR) shows a multiple bottoms pattern with $6.99 target or 8.00 % below today’s $7.60 share price. The 5 months chart pattern indicates high risk for the $206.41M company. It was reported on Sep, 17 by Finviz.com. If the $6.99 price target is reached, the company will be worth $16.51 million 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 1.88% or $0.14 on September 15, reaching $7.6. About 206,481 shares traded or 165.77% up from the average. Amber Road Inc (NYSE:AMBR) has risen 46.06% since September 17, 2016 and is uptrending. It has outperformed by 29.36% the S&P500.

Wall Street await Amber Road Inc (NYSE:AMBR) to release earnings on November, 2. Analysts forecast EPS of $-0.15, down exactly $0.02 or 15.38 % from 2014’s $-0.13 EPS. After posting $-0.16 EPS for the previous quarter, Amber Road Inc’s analysts now forecast -6.25 % EPS growth.

Amber Road Inc (NYSE:AMBR) Ratings Coverage

Among 7 analysts covering Amber Road (NYSE:AMBR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Amber Road had 14 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, August 7, the company rating was maintained by Canaccord Genuity. Stifel Nicolaus maintained the shares of AMBR in report on Friday, February 12 with “Buy” rating. The company was maintained on Friday, August 5 by FBR Capital. The stock of Amber Road Inc (NYSE:AMBR) earned “Buy” rating by Stifel Nicolaus on Friday, August 5. Canaccord Genuity maintained it with “Buy” rating and $1100 target in Sunday, July 30 report. Needham reinitiated Amber Road Inc (NYSE:AMBR) on Monday, September 28 with “Buy” rating. Needham maintained the stock with “Buy” rating in Monday, June 20 report. Raymond James maintained the stock with “Outperform” rating in Monday, August 15 report. As per Friday, August 7, the company rating was maintained by Needham. On Friday, August 4 the stock rating was maintained by Stifel Nicolaus with “Buy”.

More important recent Amber Road Inc (NYSE:AMBR) news were published by: Seekingalpha.com which released: “Amber Road: The Road To $3.50 (>65% Downside)” on November 11, 2016, also Seekingalpha.com published article titled: “Amber Road’s (AMBR) CEO James Preuninger on Q1 2017 Results – Earnings Call …”, Seekingalpha.com published: “Amber Road’s (AMBR) CEO James Preuninger on Q2 2017 Results – Earnings Call …” on August 04, 2017. More interesting news about Amber Road Inc (NYSE:AMBR) was released by: Fool.com and their article: “Why Amber Road Inc. Stock Fell Sharply” with publication date: February 17, 2017.

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