What’s Ahead for First Financial Corp (THFF) After Forming Bullish Descending Triangle?

July 17, 2017 - By reb123z

The stock of First Financial Corp (THFF) formed a descending triangle with $51.46 target or 8.00 % above today’s $47.65 share price. The 5 months triangle pattern indicates low risk for the $586.15 million company. If the $51.46 price target is reached, the company will be worth $46.89M 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 0.10% or $0.05 on July 17, reaching $47.65. About 17,140 shares traded. First Financial Corp (NASDAQ:THFF) has risen 28.02% since July 17, 2016 and is uptrending. It has outperformed by 11.32% the S&P500.

Analysts await First Financial Corp (NASDAQ:THFF) to report earnings on July, 24. They expect $0.67 earnings per share, down 1.47 % or $0.01 from last year’s $0.68 per share. THFF’s profit will be $8.24 million for 17.78 P/E if the $0.67 EPS becomes a reality. After $0.77 actual earnings per share reported by First Financial Corp for the previous quarter, Wall Street now forecasts -12.99 % negative EPS growth.

More recent First Financial Corp (NASDAQ:THFF) news were published by: Zacks.com which released: “Why First Financial (FFIN) Should be Added to Your Portfolio” on June 20, 2017. Also Prnewswire.com published the news titled: “Simplicity Financial Marketing New Brand For Futurity First Financial …” on June 20, 2017. Gurufocus.com‘s news article titled: “First Financial Corp Buys Baker Hughes Inc, Synchrony Financial, AbbVie Inc …” with publication date: July 13, 2017 was also an interesting one.

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