Could LCI Industries (LCII) Increase Even More? The Stock Formed Inverse Head & Shoulders Pattern

September 17, 2017 - By Darrin Black

The stock of LCI Industries (LCII) formed H&SI with $111.20 price target or 5.00 % above the current $105.90 share price. The 7 months Head & Shoulders Inverse reveals low risk for the $2.64B company. This trade was featured by Faxor.com on Sep, 17. If the $111.20 target price is reached, the company’s valuation will be $132.00 million more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock decreased 0.98% or $1.05 on September 15, reaching $105.9. About 200,321 shares traded or 23.93% up from the average. LCI Industries (NYSE:LCII) has risen 20.95% since September 17, 2016 and is uptrending. It has outperformed by 4.25% the S&P500.

Investors wait LCI Industries (NYSE:LCII) to report on November, 2. its quarterly earnings Wall Street analysts expect $1.39 earnings per share, up $0.20 or 16.81 % from last year’s $1.19 same quarter earnings. This translates into $34.65 million profit for LCII giving the stock a 19.05 P/E. This is assuming the current $1.39 EPS is accurate. LCI Industries’s Wall Street analysts see -12.58 % negative EPS growth, taking into account the $1.59 EPS reproted in the previous quarter,

LCI Industries (NYSE:LCII) Ratings Coverage

Among 2 analysts covering LCI Industries LCII (NYSE:LCII), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. LCI Industries LCII had 2 analyst reports since April 12, 2017 according to SRatingsIntel. Robert W. Baird initiated it with “Outperform” rating and $118 target in Wednesday, May 3 report.

More notable recent LCI Industries (NYSE:LCII) news were published by: Fool.com which released: “What’s ahead for LCI Industries?” on May 04, 2017, also Fool.com with their article: “LCI Industries finished 2016 strong” published on February 13, 2017, Fool.com published: “LCI Industries gets a burst of speed” on August 04, 2017. More interesting news about LCI Industries (NYSE:LCII) were released by: Nasdaq.com and their article: “Relative Strength Alert For LCI Industries” published on August 09, 2017 as well as Marketwatch.com‘s news article titled: “105.90” with publication date: January 19, 2017.

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