Federal Signal Corporation (FSS) on Focus After Forming Wedge Down Chart Pattern

January 10, 2018 - By Michael Collier

Investors sentiment increased to 1.39 in 2017 Q3. Its up 0.44, from 0.95 in 2017Q2. It improved, as 18 investors sold Federal Signal Corporation shares while 38 reduced holdings. 25 funds opened positions while 53 raised stakes. 50.18 million shares or 1.01% more from 49.68 million shares in 2017Q2 were reported.
Clarivest Asset Mngmt Ltd Llc has 123,552 shares. Blackrock reported 0.01% in Federal Signal Corporation (NYSE:FSS). Piedmont Investment Limited Liability Corp invested in 13,058 shares. State Of Wisconsin Board reported 0.03% stake. Eagle Asset Mngmt owns 0.04% invested in Federal Signal Corporation (NYSE:FSS) for 316,377 shares. Manufacturers Life Insurance The stated it has 44,916 shares. Finance Counselors Inc invested in 0.06% or 59,664 shares. 52,800 are held by Hutchin Hill Ltd Partnership. 277,608 are owned by D E Shaw &. Millennium Limited Liability Co owns 0.01% invested in Federal Signal Corporation (NYSE:FSS) for 207,059 shares. Perritt Capital Management Inc reported 0.56% of its portfolio in Federal Signal Corporation (NYSE:FSS). 30,623 are held by Bnp Paribas Arbitrage. Invesco Limited, a Georgia-based fund reported 140,800 shares. Tower Rech Cap Ltd Liability (Trc) holds 0.01% in Federal Signal Corporation (NYSE:FSS) or 6,431 shares. Mason Street Limited Company holds 15,183 shares.

The stock of Federal Signal Corporation (FSS) formed a down wedge with $17.66 target or 8.00 % below today’s $19.20 share price. The 9 months wedge indicates high risk for the $1.15 billion company. If the $17.66 price target is reached, the company will be worth $92.16M 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 0.44% or $0.09 during the last trading session, reaching $19.2. About 36,861 shares traded. Federal Signal Corporation (NYSE:FSS) has risen 28.47% since January 10, 2017 and is uptrending. It has outperformed by 11.77% the S&P500.

Analysts await Federal Signal Corporation (NYSE:FSS) to report earnings on February, 27. They expect $0.20 earnings per share, up 25.00 % or $0.04 from last year’s $0.16 per share. FSS’s profit will be $12.00 million for 24.00 P/E if the $0.20 EPS becomes a reality. After $0.24 actual earnings per share reported by Federal Signal Corporation for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

More notable recent Federal Signal Corporation (NYSE:FSS) news were published by: Prnewswire.com which released: “Federal Signal Corporation Promotes Ian Hudson To Interim Chief Financial Officer” on March 27, 2017, also Prnewswire.com with their article: “Federal Signal Completes Acquisition of Truck Bodies and Equipment International” published on June 02, 2017, Prnewswire.com published: “Jury Finds in Favor of Federal Signal Corporation for Seventh Consecutive …” on November 20, 2017. More interesting news about Federal Signal Corporation (NYSE:FSS) were released by: Seekingalpha.com and their article: “Federal Signal’s (FSS) CEO Jennifer Sherman on Q2 2017 Results – Earnings Call …” published on August 12, 2017 as well as Prnewswire.com‘s news article titled: “Jury Finds in Favor of Federal Signal Corporation in Pittsburgh Hearing Loss Trial” with publication date: October 12, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.