CVD Equipment Corp (CVV)

[clearsudden]

CVD Equipment Corporation Gaps Up Today, Is Now One of The Best Performer

http://www.financialmagazin.com/cvd-equipment-corporation-gaps-up-today-is-now-one-of-the-best-performers/

OCTOBER 19, 2015 BY SALLY GOFF IN STOCK GAP NEWS ·
The stock of CVD Equipment Corporation (CVV) gapped up by $0.01 today and has $25.04 target or 97.00% above today’s $12.71 share price. The 7 months technical chart setup indicates low risk for the $76.72 million company. The gap was reported on Oct, 20 by Barchart.com. If the $25.04 price target is reached, the company will be worth $74.42M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 2.25% or $0.28 on October 19, hitting $12.71. About 15,573 shares traded hands. CVD Equipment Corporation (NASDAQ:CVV) has declined 9.99% since March 16, 2015 and is downtrending. It has underperformed by 7.68% the S&P500.

Analysts await CVD Equipment Corporation (NASDAQ:CVV) to reports earnings on November, 16.

According to Zacks, “CVD Equipment Corporation designs, develops and manufactures customized equipment and process solutions used to develop and manufacture solar, nano and advanced electronic components, materials and coatings for research and industrial applications. It offers a broad range of chemical vapor deposition, gas control and other equipment used by customers to research, design and manufacture semiconductors, solar cells, carbon nanotubes, nanowires, LEDs, MEMS, smart glass coatings, battery and/or ultra capacitor materials, medical and industrial coatings. The Company’s products are sold to the semiconductor, optoelectronic, wireless telecommunications, and aerospace industries. CVD Equipment Corporation, formerly known as CDV Equipment Corporation, is headquartered in Ronkonkoma, New York.”

The institutional sentiment decreased to 0.75 in Q2 2015. Its down 0.25, from 1 in 2015Q1. The ratio dropped, as 3 funds sold all CVD Equipment Corporation shares owned while 5 reduced positions. 2 funds bought stakes while 4 increased positions. They now own 1.00 million shares or 3.66% more from 967,984 shares in 2015Q1.

Manatuck Hill Partners Llc holds 0.97% of its portfolio in CVD Equipment Corporation for 285,000 shares. Awm Investment Company Inc. owns 338,466 shares or 0.54% of their US portfolio. Moreover, Top Ace Asset Management Ltd has 0.28% invested in the company for 31,200 shares. The Missouri-based Benjamin F. Edwards & Company Inc. has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 14,642 shares.