Will Wellesley Bancorp, Inc. (WEBK) Short Squeeze Soon? The Stock Formed a Bullish Double Top Chart Pattern

July 14, 2018 - By Tamara Reed

Investors sentiment is 1 in 2018 Q1. Its the same as in 2017Q4. It is without change, as 1 investors sold Wellesley Bancorp, Inc. shares while 0 reduced holdings. only 0 funds opened positions while 1 raised stakes. 63,358 shares or 0.67% less from 63,784 shares in 2017Q4 were reported.
Blackrock stated it has 267 shares. Bancorp Of America Corp De invested in 1,000 shares. Seizert Cap Ptnrs Ltd invested 0.01% of its portfolio in Wellesley Bancorp, Inc. (NASDAQ:WEBK). Howland Cap Management Lc holds 0.03% of its portfolio in Wellesley Bancorp, Inc. (NASDAQ:WEBK) for 12,500 shares. Banc Funds Co Ltd Liability Com has 0.05% invested in Wellesley Bancorp, Inc. (NASDAQ:WEBK). Moreover, Morgan Stanley has 0% invested in Wellesley Bancorp, Inc. (NASDAQ:WEBK). Vanguard has 9,221 shares for 0% of their portfolio. Delta Asset Management Limited Liability Company Tn reported 0% in Wellesley Bancorp, Inc. (NASDAQ:WEBK).

The chart of Wellesley Bancorp, Inc. (WEBK) shows a double top with $35.97 target or 9.00 % above today’s $33.00 share price. The 9 months chart pattern indicates low risk for the $79.01M company. It was reported on Jul, 14 by Finviz.com. If the $35.97 price target is reached, the company will be worth $7.11M more. Double tops are rare but powerful chart patterns.

It closed at $33 lastly. It is up 21.86% since July 14, 2017 and is uptrending. It has outperformed by 9.29% the S&P500.

Wellesley Bancorp, Inc. operates as the bank holding firm for Wellesley Bank that provides various financial services to individuals, non-profit organizations, small businesses, and other entities in eastern Massachusetts. The company has market cap of $79.01 million. The Company’s deposit products include noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising negotiable order of withdrawal and money market accounts; savings accounts; and certificates of deposit, as well as offers remote capture products. It has a 21.68 P/E ratio. The firm also offers residential mortgage loans, commercial real estate loans, and construction loans, as well as home equity lines of credit and other consumer loans that consist of fixed-rate second mortgage loans, automobile loans, loans secured by passbook or certificate accounts, and overdraft loans; and commercial business loans, such as term loans, revolving lines of credit, and equipment loans.

Wellesley Bancorp, Inc. (NASDAQ:WEBK) Institutional Positions Chart

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