A Reversal for Landec Corporation (LNDC) Is Not Near. The Formed Head & Shoulders Pattern

  • 05/09/2018
A Reversal for Landec Corporation (LNDC) Is Not Near. The Formed Head & Shoulders Pattern
Investors sentiment increased to 1 in Q1 2018. Its up 0.17, from 0.83 in 2017Q4. It improved, as 8 investors sold Landec Corporation shares while 28 reduced holdings. 10 funds opened positions while 26 raised stakes. 25.56 million shares or 0.61% more from 25.41 million shares in 2017Q4 were reported.

Wedge Cap Management L Lp Nc reported 0.01% of its portfolio in Landec Corporation (NASDAQ:LNDC). 425,240 were accumulated by Foundry Prtn Lc. Tiaa Cref Invest Management Limited Liability Corporation has 0% invested in Landec Corporation (NASDAQ:LNDC). Moreover, Ameritas Investment Ptnrs Incorporated has 0% invested in Landec Corporation (NASDAQ:LNDC) for 2,282 shares. Metropolitan Life Communications Ny owns 9,543 shares. Legal & General Public Ltd Company stated it has 4,561 shares or 0% of all its holdings. Moreover, Palouse Cap Management Inc has 0.07% invested in Landec Corporation (NASDAQ:LNDC). National Inv Wi stated it has 14,489 shares or 0.18% of all its holdings. Dimensional Fund Advsr Limited Partnership accumulated 2.33M shares or 0.01% of the stock. Royal National Bank & Trust Of Canada holds 0% of its portfolio in Landec Corporation (NASDAQ:LNDC) for 760,162 shares. John G Ullman Associates reported 0.89% stake. Bridgeway Capital Management reported 25,900 shares. Boston Prns reported 0.01% in Landec Corporation (NASDAQ:LNDC). Blackrock Inc owns 1.86M shares or 0% of their US portfolio. Jpmorgan Chase And Com holds 5,409 shares or 0% of its portfolio.

Since April 6, 2018, it had 0 buys, and 5 selling transactions for $412,561 activity.

The stock of Landec Corporation (LNDC) formed H&S with $12.45 target or 5.00 % below todays $13.10 share price. The 5 months Head & Shoulders indicates high risk for the $363.52M company. It was reported on Sep, 5 by Faxor.com. If the $12.45 price target is reached, the company will be worth $18.18 million less.

Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 2.60% or $0.35 during the last trading session, reaching $13.1. About 45,252 shares traded. Landec Corporation (NASDAQ:LNDC) has risen 4.07% since September 5, 2017 and is uptrending. It has underperformed by 8.50% the S&P500.

Another recent and important Landec Corporation (NASDAQ:LNDC) news was published by Nasdaq.com which published an article titled: Recent Analysis Shows Magic Software Enterprises, Resonant, Landec, BlackBerry, Teva Pharmaceutical Industries on August 21, 2018.

Landec Corporation, together with its subsidiaries, designs, develops, makes, and sells differentiated health and wellness products for food and biomaterials markets. The company has market cap of $363.52 million. It operates through three divisions: Packaged Fresh Vegetables, Food Export, and Biomaterials. It has a 14.72 P/E ratio. The Packaged Fresh Vegetables segment markets and packs specialty packaged whole and fresh-cut fruits and vegetables utilizing the BreatheWay specialty packaging technology for the retail grocery, club store, and food service industries under the Eat Smart and GreenLine brands, as well as private label brands; and sells BreatheWay packaging technology to partners for fruit and vegetable products.
  
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