National Bankshares, Inc. (NKSH) Formed a Bullish Wedge Up, Could Be One of The Best Performers Soon

July 14, 2018 - By Carol Mulligan

Investors sentiment decreased to 0.73 in 2018 Q1. Its down 1.34, from 2.07 in 2017Q4. It turned negative, as 3 investors sold National Bankshares, Inc. shares while 19 reduced holdings. 5 funds opened positions while 11 raised stakes. 1.91 million shares or 1.30% less from 1.93 million shares in 2017Q4 were reported.
National Bank Of Montreal Can owns 1,548 shares for 0% of their portfolio. Jpmorgan Chase Com holds 0% or 1,364 shares in its portfolio. 6,507 were reported by Bb&T Limited Liability Corp. Morgan Stanley invested in 0% or 14,115 shares. Earnest Prtn Lc reported 0% of its portfolio in National Bankshares, Inc. (NASDAQ:NKSH). Schwab Charles Investment Management has invested 0% in National Bankshares, Inc. (NASDAQ:NKSH). Bancshares Of America De reported 3,855 shares stake. Metropolitan Life Insur New York invested in 2,649 shares. Hotchkis And Wiley Cap Management has 9,143 shares. California State Teachers Retirement Systems holds 10,314 shares or 0% of its portfolio. State Common Retirement Fund has invested 0% in National Bankshares, Inc. (NASDAQ:NKSH). Tower Rech Capital Lc (Trc) reported 44 shares. State Street owns 130,975 shares or 0% of their US portfolio. Renaissance Technologies Ltd Liability Corporation stated it has 0% of its portfolio in National Bankshares, Inc. (NASDAQ:NKSH). 11,133 are held by Kennedy Capital Mgmt.

The stock of National Bankshares, Inc. (NKSH) formed an up wedge with $50.41 target or 9.00 % above today’s $46.25 share price. The 9 months wedge indicates low risk for the $321.81M company. If the $50.41 price target is reached, the company will be worth $28.96M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 1.70% or $0.8 during the last trading session, reaching $46.25. About 2,152 shares traded. National Bankshares, Inc. (NASDAQ:NKSH) has risen 21.94% since July 14, 2017 and is uptrending. It has outperformed by 9.37% the S&P500.

National Bankshares, Inc. operates as the bank holding firm for the National Bank of Blacksburg that provides a range of retail and commercial banking services to individuals, businesses, non-profits, and local governments. The company has market cap of $321.81 million. It offers interest-bearing and non-interest bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposits, and individual retirement accounts; and commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties. It has a 23.42 P/E ratio. The firm also provides merchant credit card services, and business and consumer debit and credit cards; letters of credit, night depository, safe deposit boxes, travelers checks, utility payment services, and automatic funds transfer; and telephone and Internet banking services.

National Bankshares, Inc. (NASDAQ:NKSH) Institutional Positions Chart

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