Some Traders Are Very Bullish on Citizens Community Bancorp Inc. (CZWI) After Forming Descending Triangle Pattern

July 17, 2017 - By Adrian Erickson

Investors sentiment increased to 2 in Q4 2016. Its up 0.40, from 1.6 in 2016Q3. It is positive, as 0 investors sold Citizens Community Bancorp Inc. shares while 5 reduced holdings. 5 funds opened positions while 5 raised stakes. 1.64 million shares or 16.89% more from 1.41 million shares in 2016Q3 were reported.
Bridgeway Inc holds 0.01% of its portfolio in Citizens Community Bancorp Inc. (NASDAQ:CZWI) for 68,100 shares. Dimensional Fund Ltd Partnership stated it has 0% of its portfolio in Citizens Community Bancorp Inc. (NASDAQ:CZWI). Bancshares Of New York Mellon Corp stated it has 0% in Citizens Community Bancorp Inc. (NASDAQ:CZWI). Renaissance Technologies Ltd Liability Corporation stated it has 30,200 shares or 0% of all its holdings. The Virginia-based Fj Management Ltd Com has invested 0.48% in Citizens Community Bancorp Inc. (NASDAQ:CZWI). Pennsylvania-based Vanguard has invested 0% in Citizens Community Bancorp Inc. (NASDAQ:CZWI). The Kansas-based Creative Planning has invested 0% in Citizens Community Bancorp Inc. (NASDAQ:CZWI). Franklin owns 85,000 shares. Acadian Asset Llc holds 762 shares or 0% of its portfolio. Jpmorgan Chase And reported 1,700 shares. Geode Capital Mngmt Lc accumulated 18,429 shares or 0% of the stock. Gendell Jeffrey L owns 486,230 shares. Deutsche Natl Bank Ag holds 0% or 16,586 shares in its portfolio. Blackrock Fund has 0% invested in Citizens Community Bancorp Inc. (NASDAQ:CZWI) for 799 shares. State Bank Of America Corporation De accumulated 0% or 2,000 shares.

The stock of Citizens Community Bancorp Inc. (CZWI) formed a descending triangle with $14.78 target or 5.00 % above today’s $14.08 share price. The 9 months triangle pattern indicates low risk for the $74.43 million company. If the $14.78 price target is reached, the company will be worth $3.72M more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 0.07% or $0.01 on July 17, reaching $14.08. About 17,295 shares traded or 70.34% up from the average. Citizens Community Bancorp Inc. (NASDAQ:CZWI) has risen 53.93% since July 17, 2016 and is uptrending. It has outperformed by 37.23% the S&P500.

More notable recent Citizens Community Bancorp Inc. (NASDAQ:CZWI) news were published by: Globenewswire.com which released: “Citizens Community Bancorp, Inc. Raises Annual Cash Dividend 33% to $0.16 Per …” on February 27, 2017, also Globenewswire.com with their article: “Citizens Community Bancorp, Inc. and Wells Financial Corp. to Merge” published on March 17, 2017, Jsonline.com published: “Citizens Community to buy back shares” on August 31, 2016. More interesting news about Citizens Community Bancorp Inc. (NASDAQ:CZWI) were released by: Bizjournals.com and their article: “Citizens Community closing four Walmart bank branches in the Fox Valley” published on August 17, 2016 as well as Seekingalpha.com‘s news article titled: “Waiting For Citizens Community Bancorp To Make A Bigger Move” with publication date: January 13, 2017.

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