Bluegreen Vacations Corporation (BXG) Can’t Be Less Risky. The Stock Formed a Wedge Up Pattern

The stock of Bluegreen Vacations Corporation (BXG) formed an up wedge with $15.97 target or 6.00 % above today’s $15.07 share price. The 8 months wedge indicates low risk for the $1.12 billion company. If the $15.97 price target is reached, the company will be worth $67.32 million 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 increased 1.48% or $0.22 during the last trading session, reaching $15.07. About 11,480 shares traded. Bluegreen Vacations Corporation (NYSE:BXG) has declined 20.88% since May 8, 2018 and is downtrending. It has underperformed by 25.25% the S&P500.

Analysts await Bluegreen Vacations Corporation (NYSE:BXG) to report earnings on August, 1. They expect $0.34 earnings per share, down 5.56 % or $0.02 from last year’s $0.36 per share. BXG’s profit will be $25.31M for 11.08 P/E if the $0.34 EPS becomes a reality. After $0.20 actual earnings per share reported by Bluegreen Vacations Corporation for the previous quarter, Wall Street now forecasts 70.00 % EPS growth.

More notable recent Bluegreen Vacations Corporation (NYSE:BXG) news were published by: Globenewswire.com which released: “BBX Capital Real Estate Announces the Sale of Addison on Millenia in Orlando, Florida – GlobeNewswire” on November 26, 2018, also Globenewswire.com with their article: “Bluegreen Vacations to Continue Zero Tolerance Strategy Against Timeshare Exit Companies – GlobeNewswire” published on August 08, 2018, Seekingalpha.com published: “BBX Capital re-evaluating merger with Bluegreen Vacations – Seeking Alpha” on March 25, 2019. More interesting news about Bluegreen Vacations Corporation (NYSE:BXG) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: Allergan, Costco, Cree, Dollar Tree, Eli Lilly, FedEx, Mylan, NextEra, Peabody, Teva, Yum Brands and More – 24/7 Wall St.” published on March 20, 2019 as well as Businesswire.com‘s news article titled: “Bluegreen Vacations Renews and Extends $40 Million Timeshare Receivables Loan – Business Wire” with publication date: September 04, 2018.

Bluegreen Corporation operates as a sales, marketing, and management firm focusing on the vacation ownership industry in the United States. The company has market cap of $1.12 billion. The firm markets, sells, and manages vacation ownership interests in resorts that are developed or acquired by the company, or developed and owned by others. It has a 13.72 P/E ratio. The Company’s VOIs enable buyers to use resort accommodations through an annual or biennial allotment of points, which represent their ownership and beneficial use rights in perpetuity in the Bluegreen Vacation Club.

Bluegreen Vacations Corporation (NYSE:BXG) Ratings Chart

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