Mueller Water Products, Inc. (MWA) Stock Formed Inverse Head & Shoulders Pattern. What To Expect?

September 17, 2017 - By Louis Casey

Investors sentiment decreased to 1.26 in Q4 2016. Its down 0.08, from 1.34 in 2016Q3. It is negative, as 17 investors sold Mueller Water Products, Inc. shares while 73 reduced holdings. 33 funds opened positions while 80 raised stakes. 133.73 million shares or 1.67% less from 136.01 million shares in 2016Q3 were reported.
Gotham Asset Ltd Llc invested in 0.1% or 568,425 shares. Highlander Capital Management Limited Company holds 0.43% or 37,000 shares in its portfolio. First Trust Advsrs Limited Partnership has invested 0.03% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). Thompson Davis & accumulated 2,716 shares. Alliancebernstein L P owns 452,251 shares for 0.01% of their portfolio. 260 are held by Northwestern Mutual Wealth. Verition Fund Mgmt Ltd Liability Com reported 23,925 shares. Pacad accumulated 31,600 shares or 0.05% of the stock. State Street accumulated 0% or 2.95 million shares. Creative Planning stated it has 0% in Mueller Water Products, Inc. (NYSE:MWA). Secor Cap Advisors L P accumulated 57,588 shares. Moreover, Provise Mgmt Gp Ltd has 0.02% invested in Mueller Water Products, Inc. (NYSE:MWA) for 10,500 shares. Fortaleza Asset Mgmt Inc holds 0.33% or 11,555 shares. Bnp Paribas Arbitrage Sa reported 0% in Mueller Water Products, Inc. (NYSE:MWA). Jpmorgan Chase Com holds 0% or 127,020 shares.

The stock of Mueller Water Products, Inc. (MWA) formed H&SI with $13.01 price target or 6.00 % above the current $12.27 share price. The 5 months Head & Shoulders Inverse reveals low risk for the $1.95 billion company. This trade was featured by Faxor.com on Sep, 17. If the $13.01 target price is reached, the company’s valuation will be $117.00 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 increased 0.90% or $0.11 on September 15, reaching $12.27. About 3.19 million shares traded or 212.75% up from the average. Mueller Water Products, Inc. (NYSE:MWA) has risen 8.65% since September 17, 2016 and is uptrending. It has underperformed by 8.05% the S&P500.

Wall Street await Mueller Water Products, Inc. (NYSE:MWA) to release earnings on November, 1. Analysts forecast earnings per share of $0.15, down exactly $0.02 or 11.76 % from 2014’s $0.17 EPS. The expected MWA’s profit could reach $23.84 million giving the stock 20.45 P/E in the case that $0.15 earnings per share is reported. After posting $0.16 EPS for the previous quarter, Mueller Water Products, Inc.’s analysts now forecast -6.25 % negative EPS growth.

Mueller Water Products, Inc. (NYSE:MWA) Ratings Coverage

Among 11 analysts covering Mueller Water Products (NYSE:MWA), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Mueller Water Products had 20 analyst reports since January 12, 2016 according to SRatingsIntel. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, March 15. The stock of Mueller Water Products, Inc. (NYSE:MWA) has “Outperform” rating given on Thursday, April 28 by RBC Capital Markets. The company was maintained on Friday, March 24 by Oppenheimer. The stock has “Buy” rating by Goldman Sachs on Wednesday, March 8. Boenning \u0026 Scattergood upgraded the shares of MWA in report on Tuesday, September 5 to “Outperform” rating. The rating was maintained by Wedbush with “Outperform” on Thursday, April 28. The rating was maintained by RBC Capital Markets with “Buy” on Monday, August 7. The firm has “Buy” rating by Oppenheimer given on Monday, July 31. The company was maintained on Thursday, May 11 by IBC. The firm earned “Buy” rating on Wednesday, October 12 by Northcoast.

More notable recent Mueller Water Products, Inc. (NYSE:MWA) news were published by: Nasdaq.com which released: “Mueller Water Products to Present at the 2017 RBC Capital Markets Global …” on February 22, 2017, also Seekingalpha.com with their article: “Mueller Water Products’ (MWA) CEO Scott Hall on Q2 2017 Results – Earnings …” published on April 28, 2017, Globenewswire.com published: “Mueller Water Products Announces Strategic Reorganization and Restructuring to …” on September 07, 2017. More interesting news about Mueller Water Products, Inc. (NYSE:MWA) were released by: Globenewswire.com and their article: “Mueller Water Products to Present at DA Davidson’s 16th Annual Engineering …” published on September 11, 2017 as well as Seekingalpha.com‘s news article titled: “Mueller Water Products’ (MWA) CEO Scott Hall on Q3 2017 Results – Earnings …” with publication date: August 04, 2017.

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