Could Citizens Community Bancorp Inc. (CZWI) Increase Even More? The Stock Formed Bullish Multiple Top Pattern

September 17, 2017 - By Maria Brooks

Investors sentiment increased to 2 in Q4 2016. Its up 0.40, from 1.6 in 2016Q3. It increased, as 0 investors sold Citizens Community Bancorp Inc. shares while 5 reduced holdings. 5 funds opened positions while 5 raised stakes. 1.64 million shares or 16.89% more from 1.41 million shares in 2016Q3 were reported.
Virginia-based Ejf Lc has invested 0.17% in Citizens Community Bancorp Inc. (NASDAQ:CZWI). Goldman Sachs Gru has 19,891 shares. Blackrock Fund holds 799 shares or 0% of its portfolio. Dimensional Fund Advsrs Lp reported 166,756 shares. Deutsche Bancorporation Ag owns 16,586 shares. Savings Bank Of Ny Mellon Corporation holds 0% or 10,831 shares in its portfolio. Jpmorgan Chase holds 0% or 1,700 shares. Geode Mngmt Limited Com holds 0% in Citizens Community Bancorp Inc. (NASDAQ:CZWI) or 18,429 shares. Vanguard Gru Inc holds 0% or 163,532 shares. Franklin Res has invested 0% in Citizens Community Bancorp Inc. (NASDAQ:CZWI). Bancshares Of America De has invested 0% in Citizens Community Bancorp Inc. (NASDAQ:CZWI). 400 are owned by Alphamark Advsrs Limited Liability Corporation. Bridgeway Capital Mngmt holds 68,100 shares or 0.01% of its portfolio. First Manhattan holds 13,374 shares. Creative Planning accumulated 0% or 525 shares.

The stock of Citizens Community Bancorp Inc. (CZWI) shows a multiple tops pattern with $13.42 target or 3.00 % above today’s $13.03 share price. The 9 months chart pattern indicates low risk for the $68.76 million company. It was reported on Sep, 17 by Finviz.com. If the $13.42 price target is reached, the company will be worth $2.06 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 3.55% or $0.48 on September 15, reaching $13.03. About 6,057 shares traded or 16.23% up from the average. Citizens Community Bancorp Inc. (NASDAQ:CZWI) has risen 53.93% since September 17, 2016 and is uptrending. It has outperformed by 37.23% the S&P500.

More notable recent Citizens Community Bancorp Inc. (NASDAQ:CZWI) news were published by: Globenewswire.com which released: “Citizens Community Bancorp, Inc. and Wells Financial Corp. to Merge” on March 17, 2017, also Globenewswire.com with their article: “Citizens Community Bancorp, Inc. Closing Two Branch Offices to Streamline …” published on March 27, 2017, Nasdaq.com published: “Citizens Community Bancorp Inc (CZWI) CEO and President Stephen M Bianchi …” on August 25, 2017. More interesting news about Citizens Community Bancorp Inc. (NASDAQ:CZWI) were released by: Seekingalpha.com and their article: “Waiting For Citizens Community Bancorp To Make A Bigger Move” published on January 13, 2017 as well as Nasdaq.com‘s news article titled: “Citizens Community Bancorp, Inc. Announces the Completion of its Merger with …” with publication date: August 18, 2017.

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