Time to Buy Eagle Bancorp Montana Inc (EBMT) After The Completion of This Descending Triangle Pattern?

July 17, 2017 - By Darrin Black

Investors sentiment increased to 2.6 in 2016 Q4. Its up 1.74, from 0.86 in 2016Q3. It improved, as 2 investors sold Eagle Bancorp Montana Inc shares while 3 reduced holdings. 7 funds opened positions while 6 raised stakes. 1.07 million shares or 7.97% less from 1.16 million shares in 2016Q3 were reported.
Ancora Ltd Liability accumulated 7,400 shares or 0.01% of the stock. 25,598 are owned by Minerva Advsr Ltd Limited Liability Company. 15,103 were accumulated by Dimensional Fund Advsr L P. Manufacturers Life Insur The owns 189,506 shares. Wells Fargo & Com Mn has 0% invested in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 650 shares. Vanguard holds 0% of its portfolio in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 40,192 shares. Blackrock Mngmt Ltd stated it has 515 shares or 0% of all its holdings. Renaissance Techs Lc stated it has 16,500 shares. Oppenheimer & Close Lc owns 2.13% invested in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 112,250 shares. Moreover, Deprince Race & Zollo has 0.08% invested in Eagle Bancorp Montana Inc (NASDAQ:EBMT) for 199,932 shares. Glacier Peak Cap Ltd Liability Com owns 367,768 shares. Federated Pa reported 43 shares stake. Arrowpoint Asset Ltd has invested 0% in Eagle Bancorp Montana Inc (NASDAQ:EBMT). Jpmorgan Chase owns 500 shares or 0% of their US portfolio. Creative Planning has 398 shares for 0% of their portfolio.

The stock of Eagle Bancorp Montana Inc (EBMT) formed a descending triangle with $18.95 target or 5.00 % above today’s $18.05 share price. The 5 months triangle pattern indicates low risk for the $68.61 million company. If the $18.95 price target is reached, the company will be worth $3.43 million 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 decreased 0.82% or $0.15 on July 17, reaching $18.05. About 8,068 shares traded or 100.65% up from the average. Eagle Bancorp Montana Inc (NASDAQ:EBMT) has risen 42.05% since July 17, 2016 and is uptrending. It has outperformed by 25.35% the S&P500.

More notable recent Eagle Bancorp Montana Inc (NASDAQ:EBMT) news were published by: Globenewswire.com which released: “Eagle Bancorp Montana Appoints Chemodurow and Cape to Board of Directors” on August 25, 2015, also Globenewswire.com with their article: “Larry Williams Joins Eagle Bancorp Montana as Senior Vice President/Chief …” published on November 17, 2014, Globenewswire.com published: “Eagle Bancorp Montana Earns a Record $1.8 Million, or $0.46 per Diluted Share …” on October 25, 2016. More interesting news about Eagle Bancorp Montana Inc (NASDAQ:EBMT) were released by: Globenewswire.com and their article: “Eagle Bancorp Montana Announces Private Placement of Subordinated Notes” published on June 19, 2015 as well as Globenewswire.com‘s news article titled: “Eagle Bancorp Montana Announces Promotions, Dale Field promoted to SVP/Chief …” with publication date: July 01, 2014.

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