Does SUPERVALU Inc. (SVU) Have Any Gas After Forming This Bearish Double Bottom Chart Pattern?

January 14, 2018 - By Adrian Erickson

Investors sentiment decreased to 0 in 2017 Q3. Its down 1.01, from 1.01 in 2017Q2. It turned negative, as 167 investors sold SUPERVALU Inc. shares while 3 reduced holdings. 0 funds opened positions while 0 raised stakes. 83,422 shares or 99.96% less from 195.02 million shares in 2017Q2 were reported.
Greenwich Wealth Mgmt Ltd Liability Corporation holds 0.07% or 18,752 shares. Gotham Asset Ltd Llc reported 0.02% stake. Seabridge Ltd Liability Co holds 0.01% or 1,621 shares in its portfolio.

The chart of SUPERVALU Inc. (SVU) shows a double bottom with $15.51 target or 5.00 % below today’s $16.33 share price. The 6 months chart pattern indicates high risk for the $627.21M company. It was reported on Jan, 14 by Finviz.com. If the $15.51 price target is reached, the company will be worth $31.36M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.85% or $0.14 during the last trading session, reaching $16.33. About 2.52M shares traded or 53.34% up from the average. SUPERVALU Inc. (NYSE:SVU) has declined 12.69% since January 14, 2017 and is downtrending. It has underperformed by 29.39% the S&P500.

SUPERVALU Inc. (NYSE:SVU) Ratings Coverage

Among 9 analysts covering Supervalu Inc. (NYSE:SVU), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Supervalu Inc. had 30 analyst reports since July 24, 2015 according to SRatingsIntel. Pivotal Research maintained SUPERVALU Inc. (NYSE:SVU) rating on Wednesday, August 23. Pivotal Research has “Buy” rating and $42.0 target. As per Friday, April 28, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained SUPERVALU Inc. (NYSE:SVU) on Tuesday, October 20 with “Sector Perform” rating. The firm has “Buy” rating given on Friday, October 13 by RBC Capital Markets. The stock of SUPERVALU Inc. (NYSE:SVU) has “Market Perform” rating given on Thursday, January 14 by Telsey Advisory Group. The stock has “Market Perform” rating by Telsey Advisory Group on Friday, September 9. The firm earned “Equal-Weight” rating on Thursday, October 19 by Morgan Stanley. The stock of SUPERVALU Inc. (NYSE:SVU) earned “Outperform” rating by Telsey Advisory Group on Wednesday, July 29. The stock of SUPERVALU Inc. (NYSE:SVU) earned “Buy” rating by RBC Capital Markets on Thursday, January 11. The rating was upgraded by Credit Suisse on Wednesday, April 12 to “Hold”.

More notable recent SUPERVALU Inc. (NYSE:SVU) news were published by: Twst.com which released: “Supervalu Inc.: SUPERVALU Reports Third Quarter Fiscal 2018 Results” on January 10, 2018, also Fool.com with their article: “Why SUPERVALU Inc. Stock Dropped 34% Last Year” published on January 08, 2018, Fool.com published: “Why SUPERVALU Inc. Stock Dropped Today” on January 10, 2018. More interesting news about SUPERVALU Inc. (NYSE:SVU) were released by: Nasdaq.com and their article: “Supervalu Inc. Q3 Earnings Rise 64%” published on January 10, 2018 as well as Seekingalpha.com‘s news article titled: “SuperValu: Retail Laggard Becomes Wholesale Leader” with publication date: January 09, 2018.

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