Is Buying NCR Corporation (NCR) Here a Winning Strategy? The Stock Formed Bullish Wedge Up

NCR Corporation (NYSE:NCR) Logo

The stock of NCR Corporation (NCR) formed an up wedge with $33.62 target or 6.00 % above today’s $31.72 share price. The 6 months wedge indicates low risk for the $3.81 billion company. If the $33.62 price target is reached, the company will be worth $228.60M 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 2.06% or $0.64 during the last trading session, reaching $31.72. About 1.26 million shares traded or 50.86% up from the average. NCR Corporation (NYSE:NCR) has declined 14.19% since May 8, 2018 and is downtrending. It has underperformed by 18.56% the S&P500.

NCR Corporation (NYSE:NCR) Ratings Coverage

Among 4 analysts covering NCR (NYSE:NCR), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. NCR had 5 analyst reports since December 18, 2018 according to SRatingsIntel. As per Monday, March 25, the company rating was downgraded by J.P. Morgan. The firm has “Buy” rating by DA Davidson given on Wednesday, January 9. The firm earned “Buy” rating on Friday, March 8 by DA Davidson. JP Morgan downgraded the shares of NCR in report on Monday, March 25 to “Neutral” rating. The stock of NCR Corporation (NYSE:NCR) has “Top Pick” rating given on Tuesday, December 18 by RBC Capital Markets.

More notable recent NCR Corporation (NYSE:NCR) news were published by: Finance.Yahoo.com which released: “Why Shares of NCR Jumped on Tuesday – Yahoo Finance” on May 07, 2019, also Bizjournals.com with their article: “Grindhouse Killer Burgers and NCR Corp. launch take out app to boost convenience – Atlanta Business Chronicle” published on April 25, 2019, Benzinga.com published: “JPMorgan Downgrades NCR, Projects Limited Catalysts In Year Ahead (NYSE:NCR) – Benzinga” on March 25, 2019. More interesting news about NCR Corporation (NYSE:NCR) were released by: Investorplace.com and their article: “3 Big Stock Charts for Wednesday: Salesforce.com, DISH Network and F5 Networks – Investorplace.com” published on May 08, 2019 as well as Nasdaq.com‘s news article titled: “The 10 Best Cheap Stocks to Buy Right Now – Nasdaq” with publication date: April 25, 2019.

NCR Corporation provides omni-channel technology solutions that enable businesses connect, interact, and transact with their clients worldwide. The company has market cap of $3.81 billion. The company's Software segment offers industry software platforms and applications and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention applications, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry. It currently has negative earnings. It also provides electronic and mobile payment solutions, sector-specific point of sale software applications, and back-office inventory, and store and restaurant management applications for the retail and hospitality industries; and software support and maintenance, and consulting and implementation services for its software solutions.

NCR Corporation (NYSE:NCR) Ratings Chart

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