Bearish Chart Formation for Capstead Mortgage Corporation (CMO) After Forming Bearish Head & Shoulders Pattern

September 17, 2017 - By Richard Conner

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.14, from 1.14 in 2016Q3. It fall, as 20 investors sold Capstead Mortgage Corporation shares while 57 reduced holdings. 20 funds opened positions while 57 raised stakes. 62.58 million shares or 2.11% more from 61.29 million shares in 2016Q3 were reported.
New York-based Amalgamated Retail Bank has invested 0.01% in Capstead Mortgage Corporation (NYSE:CMO). Aqr Mngmt Limited Liability stated it has 170,717 shares or 0% of all its holdings. First Heartland Consultants holds 22,921 shares or 0.07% of its portfolio. Pekin Singer Strauss Asset Mgmt Il holds 42,260 shares or 0.04% of its portfolio. Lsv Asset Mgmt holds 1.03M shares or 0.02% of its portfolio. Pacad Invest has invested 0.01% of its portfolio in Capstead Mortgage Corporation (NYSE:CMO). Us Retail Bank De holds 0% of its portfolio in Capstead Mortgage Corporation (NYSE:CMO) for 3,262 shares. Thompson Siegel And Walmsley Limited Liability Corp owns 37,450 shares or 0.01% of their US portfolio. Deutsche Fincl Bank Ag has invested 0% in Capstead Mortgage Corporation (NYSE:CMO). Moreover, Kcg has 0% invested in Capstead Mortgage Corporation (NYSE:CMO) for 15,388 shares. Ares Limited Company has invested 0.01% of its portfolio in Capstead Mortgage Corporation (NYSE:CMO). Hutchin Hill Cap L P owns 107,300 shares. Teachers Retirement System Of The State Of Kentucky holds 26,100 shares. Jbf has 0.03% invested in Capstead Mortgage Corporation (NYSE:CMO). Qs Investors Limited Liability holds 0% of its portfolio in Capstead Mortgage Corporation (NYSE:CMO) for 21,835 shares.

The stock of Capstead Mortgage Corporation (CMO) formed H&S with $9.19 target or 3.00 % below today’s $9.47 share price. The 9 months Head & Shoulders indicates high risk for the $910.11M company. It was reported on Sep, 17 by Faxor.com. If the $9.19 price target is reached, the company will be worth $27.30 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.42% or $0.04 on September 15, reaching $9.47. About 2.40 million shares traded or 268.63% up from the average. Capstead Mortgage Corporation (NYSE:CMO) has risen 6.72% since September 17, 2016 and is uptrending. It has underperformed by 9.98% the S&P500.

Capstead Mortgage Corporation (NYSE:CMO) Ratings Coverage

Among 4 analysts covering Capstead Mortgage (NYSE:CMO), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Capstead Mortgage had 11 analyst reports since August 3, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $10.7500 target in Friday, July 28 report. Maxim Group maintained Capstead Mortgage Corporation (NYSE:CMO) on Friday, January 29 with “Buy” rating. M Partners maintained the shares of CMO in report on Tuesday, August 11 with “Sell” rating. The rating was upgraded by Wells Fargo on Wednesday, May 11 to “Outperform”. The stock of Capstead Mortgage Corporation (NYSE:CMO) earned “Hold” rating by Deutsche Bank on Friday, July 31. Wells Fargo downgraded the shares of CMO in report on Tuesday, February 7 to “Market Perform” rating. The stock of Capstead Mortgage Corporation (NYSE:CMO) has “Market Perform” rating given on Monday, April 11 by Wells Fargo. Maxim Group maintained the stock with “Buy” rating in Friday, July 31 report. The rating was maintained by Keefe Bruyette & Woods on Monday, May 29 with “Hold”.

More notable recent Capstead Mortgage Corporation (NYSE:CMO) news were published by: Seekingalpha.com which released: “Capstead Mortgage: Dropping The 9.3% Common Yield For The 7.87% Preferred Yield” on November 15, 2016, also Seekingalpha.com with their article: “Surprising Price Drop Leads To Opportunity” published on September 11, 2017, Businesswire.com published: “Capstead Mortgage Corporation Declares a $0.19 Per Share Third Quarter 2017 …” on September 14, 2017. More interesting news about Capstead Mortgage Corporation (NYSE:CMO) were released by: Seekingalpha.com and their article: “I Purchased This High Steady Dividend Yield” published on June 10, 2017 as well as Seekingalpha.com‘s news article titled: “A Safer 7.55% Dividend Yield, Preferred Share Overreaction” with publication date: August 16, 2017.

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