First Community Bancshares, Inc. (FCBC) Stock Faces Lower Risks Forward After Forming Bullish Wedge Up Pattern

December 7, 2017 - By Vivian Currie

Investors sentiment decreased to 1.19 in Q2 2017. Its down 0.08, from 1.27 in 2017Q1. It fall, as 4 investors sold First Community Bancshares, Inc. shares while 27 reduced holdings. 10 funds opened positions while 27 raised stakes. 6.73 million shares or 11.73% less from 7.62 million shares in 2017Q1 were reported.
Tower Research Limited (Trc) owns 0% invested in First Community Bancshares, Inc. (NASDAQ:FCBC) for 218 shares. Jpmorgan Chase And reported 264,357 shares stake. Menta Limited Liability Corporation holds 0.06% of its portfolio in First Community Bancshares, Inc. (NASDAQ:FCBC) for 18,501 shares. Tiaa Cref Inv Ltd invested 0% in First Community Bancshares, Inc. (NASDAQ:FCBC). Janney Montgomery Scott Ltd Llc reported 12,050 shares or 0% of all its holdings. Invesco has 33,833 shares. City Hldg has 0% invested in First Community Bancshares, Inc. (NASDAQ:FCBC). Northern Tru owns 0% invested in First Community Bancshares, Inc. (NASDAQ:FCBC) for 202,099 shares. Schwab Charles Mgmt reported 0% in First Community Bancshares, Inc. (NASDAQ:FCBC). Legal & General Gru Public Limited Company has invested 0% in First Community Bancshares, Inc. (NASDAQ:FCBC). 24 are owned by Tci Wealth Advsrs. Moreover, Bb&T has 0.01% invested in First Community Bancshares, Inc. (NASDAQ:FCBC) for 17,062 shares. Federated Investors Pa holds 3,775 shares or 0% of its portfolio. Washington-based Parametric Port Associates Ltd Limited Liability Company has invested 0% in First Community Bancshares, Inc. (NASDAQ:FCBC). Manufacturers Life Insurance Communication The invested in 0% or 12,617 shares.

The stock of First Community Bancshares, Inc. (FCBC) formed an up wedge with $31.50 target or 6.00 % above today’s $29.72 share price. The 6 months wedge indicates low risk for the $504.86M company. If the $31.50 price target is reached, the company will be worth $30.29 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%.

It closed at $29.72 lastly. It is down 19.72% since December 8, 2016 and is uptrending. It has outperformed by 3.02% the S&P500.

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