Central European Media Enterprises Ltd. (CETV) on Focus After Forming Multiple Top Chart Pattern

September 17, 2017 - By Peter Erickson

Investors sentiment increased to 2 in 2016 Q4. Its up 1.08, from 0.92 in 2016Q3. It is positive, as 3 investors sold Central European Media Enterprises Ltd. shares while 16 reduced holdings. 12 funds opened positions while 26 raised stakes. 39.64 million shares or 7.53% more from 36.86 million shares in 2016Q3 were reported.
State Board Of Administration Of Florida Retirement Sys reported 33,712 shares. Manufacturers Life The has 56,844 shares. California State Teachers Retirement Sys reported 0% stake. Capital stated it has 2.22 million shares. Morgan Stanley has 0% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV). New York-based American International Group Inc has invested 0% in Central European Media Enterprises Ltd. (NASDAQ:CETV). Northern Corporation invested in 0% or 855,689 shares. Voya Investment Management Ltd owns 39,758 shares for 0% of their portfolio. Moreover, Hsbc Holding Plc has 0% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 13,197 shares. Kamunting Street Cap Management Lp has 259,846 shares. Rhumbline Advisers reported 85,149 shares. 34,283 are owned by Credit Suisse Ag. D E Shaw And Company holds 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 53,244 shares. Bhr Llc holds 6.54% or 1.25M shares. Bank Of America Corp De holds 11,030 shares.

The stock of Central European Media Enterprises Ltd. (CETV) shows a multiple tops pattern with $4.43 target or 8.00 % above today’s $4.10 share price. The 7 months chart pattern indicates low risk for the $593.87M company. It was reported on Sep, 17 by Finviz.com. If the $4.43 price target is reached, the company will be worth $47.51 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 1.20% or $0.05 on September 15, reaching $4.1. About 504,175 shares traded or 96.44% up from the average. Central European Media Enterprises Ltd. (NASDAQ:CETV) has risen 73.16% since September 17, 2016 and is uptrending. It has outperformed by 56.46% the S&P500.

More notable recent Central European Media Enterprises Ltd. (NASDAQ:CETV) news were published by: Nasdaq.com which released: “Central European Media Enterprises Joins the European Media Alliance” on September 08, 2017, also Globenewswire.com with their article: “Central European Media Enterprises Announces Second Quarter 2017 Earnings …” published on July 18, 2017, Seekingalpha.com published: “Central European Media Enterprises’ (CETV) CEO Michael Del Nin and Christoph …” on April 26, 2017. More interesting news about Central European Media Enterprises Ltd. (NASDAQ:CETV) were released by: Fool.com and their article: “Why Central European Media Enterprises Ltd. Jumped 22% Today” published on April 26, 2017 as well as Seekingalpha.com‘s news article titled: “Central European Media Enterprises’ (CETV) CEO Michael Del Nin on Q2 2017 …” with publication date: July 25, 2017.

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