How Analysts Feel About CVD Equipment Corporation (CVV) After Forming Wedge Down Chart Pattern?

June 16, 2018 - By Henry Gaston

CVD Equipment Corporation (NASDAQ:CVV) Logo

Investors sentiment decreased to 0.78 in Q1 2018. Its down 1.22, from 2 in 2017Q4. It dived, as 2 investors sold CVD Equipment Corporation shares while 7 reduced holdings. 3 funds opened positions while 4 raised stakes. 1.36 million shares or 0.39% less from 1.37 million shares in 2017Q4 were reported.
Keybank Natl Association Oh has 0% invested in CVD Equipment Corporation (NASDAQ:CVV) for 78,000 shares. Wynnefield Cap Inc invested 0.43% in CVD Equipment Corporation (NASDAQ:CVV). Blackrock Incorporated reported 0% stake. Moreover, Manatuck Hill Llc has 1.11% invested in CVD Equipment Corporation (NASDAQ:CVV) for 230,500 shares. Benjamin F Edwards & Com accumulated 0% or 20 shares. Northwestern Mutual Wealth Mgmt has invested 0% in CVD Equipment Corporation (NASDAQ:CVV). Essex Inv Mgmt Ltd Limited Liability Company accumulated 29,085 shares or 0.03% of the stock. Morgan Stanley accumulated 3,503 shares or 0% of the stock. Panagora Asset Inc owns 4,875 shares for 0% of their portfolio. Regions Fincl holds 3,100 shares or 0% of its portfolio. Awm Incorporated invested 0.51% in CVD Equipment Corporation (NASDAQ:CVV). Deutsche Bancorporation Ag, Germany-based fund reported 20,983 shares. Citigroup Inc stated it has 100 shares or 0% of all its holdings. Wells Fargo & Mn accumulated 5,660 shares or 0% of the stock. Geode Capital Management Llc holds 0% of its portfolio in CVD Equipment Corporation (NASDAQ:CVV) for 40,414 shares.

The stock of CVD Equipment Corporation (CVV) formed a down wedge with $7.13 target or 3.00 % below today’s $7.35 share price. The 5 months wedge indicates high risk for the $47.67M company. If the $7.13 price target is reached, the company will be worth $1.43 million 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 0.81% or $0.06 during the last trading session, reaching $7.35. About 5,296 shares traded. CVD Equipment Corporation (NASDAQ:CVV) has declined 39.21% since June 16, 2017 and is downtrending. It has underperformed by 51.78% the S&P500.

CVD Equipment Corporation develops, makes, and sells equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications in the United States and internationally. The company has market cap of $47.67 million. The firm operates through two divisions, CVD/First Nano and Stainless Design Concepts. It has a 10.44 P/E ratio. It offers chemical vapor deposition systems for use in the research, development, and manufacture of aerospace and medical components, semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, MEMS, and other industrial applications; and rapid thermal processing systems for use in implant activation, oxidation, silicide formation, and other processes.

CVD Equipment Corporation (NASDAQ:CVV) Institutional Positions Chart

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