What Next for Lincoln Educational Services Corporation (LINC) After Forming Wedge Down?

January 14, 2018 - By Stephen Andrade

Investors sentiment increased to 0.73 in 2017 Q3. Its up 0.20, from 0.53 in 2017Q2. It improved, as 7 investors sold Lincoln Educational Services Corporation shares while 8 reduced holdings. 7 funds opened positions while 4 raised stakes. 14.19 million shares or 0.24% more from 14.15 million shares in 2017Q2 were reported.
Geode Cap Mngmt Ltd has 111,083 shares for 0% of their portfolio. Vanguard Group stated it has 0% of its portfolio in Lincoln Educational Services Corporation (NASDAQ:LINC). 13,674 were reported by State Street. Panagora Asset Management reported 0% stake. Virtu holds 0% of its portfolio in Lincoln Educational Services Corporation (NASDAQ:LINC) for 10,578 shares. Acadian Asset Management Llc owns 4,392 shares. Alyeska Group Inc Ltd Partnership reported 1.60M shares. California Pub Employees Retirement Sys reported 67,200 shares stake. Renaissance Technology Ltd Liability Company owns 709,287 shares. Royal Commercial Bank Of Canada holds 0% or 3 shares. Paradice Mngmt Limited Liability Company has 0.49% invested in Lincoln Educational Services Corporation (NASDAQ:LINC). Heartland Advsrs has invested 0.6% in Lincoln Educational Services Corporation (NASDAQ:LINC). Rbf Lc has invested 0.09% in Lincoln Educational Services Corporation (NASDAQ:LINC). Macquarie Grp Inc Incorporated Ltd holds 0% or 6,600 shares. Bridgeway Cap Management owns 0.01% invested in Lincoln Educational Services Corporation (NASDAQ:LINC) for 457,269 shares.

The stock of Lincoln Educational Services Corporation (LINC) formed a down wedge with $1.87 target or 8.00 % below today’s $2.03 share price. The 6 months wedge indicates high risk for the $50.18 million company. If the $1.87 price target is reached, the company will be worth $4.01M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 3.10% or $0.07 during the last trading session, reaching $2.03. About 22,743 shares traded or 19.23% up from the average. Lincoln Educational Services Corporation (NASDAQ:LINC) has risen 108.84% since January 14, 2017 and is uptrending. It has outperformed by 92.14% the S&P500.

Analysts await Lincoln Educational Services Corporation (NASDAQ:LINC) to report earnings on March, 7. They expect $0.32 earnings per share, up 113.33 % or $0.17 from last year’s $0.15 per share. LINC’s profit will be $7.91 million for 1.59 P/E if the $0.32 EPS becomes a reality. After $-0.06 actual earnings per share reported by Lincoln Educational Services Corporation for the previous quarter, Wall Street now forecasts -633.33 % EPS growth.

More notable recent Lincoln Educational Services Corporation (NASDAQ:LINC) news were published by: Globenewswire.com which released: “Lincoln Educational Services Corporation Launches Plan to Streamline Business …” on November 03, 2015, also Globenewswire.com with their article: “Lincoln Educational Services Corporation Completes Sale of West Palm Beach …” published on August 16, 2017, Globenewswire.com published: “Lincoln Educational Services Corporation Schedules Third Quarter Earnings …” on October 17, 2017. More interesting news about Lincoln Educational Services Corporation (NASDAQ:LINC) were released by: Prnewswire.com and their article: “Lincoln Tech Helps Fort Dix Inmates Prepare For Careers and New Lives” published on November 15, 2017 as well as Marketwatch.com‘s news article titled: “Lincoln Educational Services Corp.” with publication date: March 29, 2011.

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