Is Buying Stock Like Standex International Corporation (SXI) After This Bullish Multiple Top Pattern a Winning Strategy?

January 15, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.03, from 1.09 in 2017Q2. It worsened, as 8 investors sold Standex International Corporation shares while 42 reduced holdings. 17 funds opened positions while 36 raised stakes. 10.01 million shares or 0.78% less from 10.09 million shares in 2017Q2 were reported.
Arizona State Retirement has invested 0.01% in Standex International Corporation (NYSE:SXI). Moreover, State Street has 0% invested in Standex International Corporation (NYSE:SXI) for 310,531 shares. Jefferies Group Incorporated Ltd Liability owns 2,000 shares for 0% of their portfolio. Segall Bryant & Hamill Llc reported 0.22% in Standex International Corporation (NYSE:SXI). Metropolitan Life Insurance Ny owns 0.01% invested in Standex International Corporation (NYSE:SXI) for 8,867 shares. Ontario – Canada-based Royal Bank & Trust Of Canada has invested 0.01% in Standex International Corporation (NYSE:SXI). 1,097 are held by Ameritas Invest Ptnrs Incorporated. Intl Gru Incorporated accumulated 10,007 shares. Parametric Port Assocs Ltd Com holds 0% or 25,649 shares. Gemmer Asset Mngmt Ltd Limited Liability Company holds 0% of its portfolio in Standex International Corporation (NYSE:SXI) for 33 shares. Blackrock invested in 0.01% or 1.54 million shares. Texas Permanent School Fund holds 0.01% of its portfolio in Standex International Corporation (NYSE:SXI) for 9,326 shares. 3,235 are held by Mason Street Llc. 2,300 are held by Diversified Communication. 6,000 were reported by Keybank Association Oh.

Since August 30, 2017, it had 0 buys, and 1 sale for $189,288 activity.

The stock of Standex International Corporation (SXI) shows a multiple tops pattern with $109.78 target or 5.00 % above today’s $104.55 share price. The 5 months chart pattern indicates low risk for the $1.34B company. It was reported on Jan, 15 by Finviz.com. If the $109.78 price target is reached, the company will be worth $66.85M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.53% or $0.55 during the last trading session, reaching $104.55. About 20,090 shares traded. Standex International Corporation (NYSE:SXI) has risen 11.03% since January 15, 2017 and is uptrending. It has underperformed by 5.67% the S&P500.

Analysts await Standex International Corporation (NYSE:SXI) to report earnings on February, 2. They expect $1.03 EPS, up 1.98 % or $0.02 from last year’s $1.01 per share. SXI’s profit will be $13.17M for 25.38 P/E if the $1.03 EPS becomes a reality. After $1.35 actual EPS reported by Standex International Corporation for the previous quarter, Wall Street now forecasts -23.70 % negative EPS growth.

Standex International Corporation (NYSE:SXI) Ratings Coverage

Among 6 analysts covering Standex Int’l Corp. (NYSE:SXI), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Standex Int’l Corp. has $116 highest and $98.0 lowest target. $110’s average target is 5.21% above currents $104.55 stock price. Standex Int’l Corp. had 7 analyst reports since August 11, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Buy” rating in Monday, July 17 report. The stock has “Neutral” rating by Sidoti on Monday, December 19. C.L. King initiated it with “Buy” rating and $116.0 target in Wednesday, November 29 report. The rating was upgraded by Zacks on Tuesday, August 11 to “Sell”. The stock of Standex International Corporation (NYSE:SXI) has “Market Perform” rating given on Monday, December 12 by CJS Securities. The rating was maintained by Wunderlich with “Buy” on Thursday, August 27.

Another recent and important Standex International Corporation (NYSE:SXI) news was published by Marketwatch.com which published an article titled: “Standex International Corp.” on December 21, 2009.

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