Charles & Colvard, Ltd. (CTHR) on Focus After Forming Bearish Ascending Triangle

May 18, 2018 - By Samual Williams

Charles & Colvard, Ltd. (NASDAQ:CTHR) Logo

Investors sentiment decreased to 0.73 in Q4 2017. Its down 0.07, from 0.8 in 2017Q3. It worsened, as 5 investors sold Charles & Colvard, Ltd. shares while 6 reduced holdings. 6 funds opened positions while 2 raised stakes. 2.92 million shares or 14.61% less from 3.42 million shares in 2017Q3 were reported.
Thompson Davis And Co holds 0.06% or 17,500 shares. Northern reported 0% in Charles & Colvard, Ltd. (NASDAQ:CTHR). Regions Financial Corp owns 456,867 shares. State Bank Of Ny Mellon Corp owns 19,738 shares or 0% of their US portfolio. Royal Bancorp Of Canada has 0% invested in Charles & Colvard, Ltd. (NASDAQ:CTHR). Buckhead Capital Lc holds 15,400 shares or 0% of its portfolio. Goldman Mgmt reported 1.09 million shares. Orca Ltd Com stated it has 94,080 shares or 0.11% of all its holdings. Geode Management Ltd Llc accumulated 49,187 shares or 0% of the stock. Thrivent Fincl For Lutherans stated it has 0% of its portfolio in Charles & Colvard, Ltd. (NASDAQ:CTHR). Us Natl Bank De stated it has 231,275 shares. Blackrock Incorporated stated it has 12,184 shares or 0% of all its holdings. Vanguard Grp accumulated 0% or 399,086 shares. Goldman Sachs Group Incorporated stated it has 0% of its portfolio in Charles & Colvard, Ltd. (NASDAQ:CTHR). Renaissance Ltd Llc accumulated 255,051 shares or 0% of the stock.

Since December 15, 2017, it had 2 insider buys, and 0 insider sales for $34,731 activity. SYKES OLLIN B bought $28,350 worth of stock.

The stock of Charles & Colvard, Ltd. (CTHR) formed an ascending triangle with $1.15 target or 8.00 % below today’s $1.25 share price. The 9 months triangle pattern indicates high risk for the $26.97 million company. If the $1.15 price target is reached, the company will be worth $2.16M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.63% or $0.02 during the last trading session, reaching $1.25. About 34,087 shares traded. Charles & Colvard, Ltd. (NASDAQ:CTHR) has risen 34.65% since May 18, 2017 and is uptrending. It has outperformed by 23.10% the S&P500.

More news for Charles & Colvard, Ltd. (NASDAQ:CTHR) were recently published by: Seekingalpha.com, which released: “Charles & Colvard’s (CTHR) CEO Suzanne Miglucci on Q1 2018 Results – Earnings Call Transcript” on May 09, 2018. Globenewswire.com‘s article titled: “Charles & Colvard Reports First Quarter 2018 Financial Results” and published on May 08, 2018 is yet another important article.

Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company has market cap of $26.97 million. The firm offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, oval, and asscher in sizes ranging from approximately 1.3 to 12 millimeters. It currently has negative earnings. It also provides finished jewelry featuring moissanite, such as stud earrings, solitaire and three-stone rings, pendants, and bracelets.

Charles & Colvard, Ltd. (NASDAQ:CTHR) Institutional Positions Chart

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