A Reversal for Vector Group Ltd Is Not Near. The Formed Head & Shoulders

The stock of Vector Group Ltd (VGR) formed H&S with $20.21 target or 6.00% below today’s $21.50 share price. The 6 months Head & Shoulders indicates high risk for the $2.67B company. It was reported on Apr, 18 by Faxor.com. If the $20.21 price target is reached, the company will be worth $160.20 million less. Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%. The stock increased 0.40% or $0.08 on April 15, hitting $21.5. Vector Group Ltd (NYSE:VGR) has declined 6.09% since September 10, 2015 and is downtrending. It has underperformed by 12.67% the S&P500.

According to Zacks Investment Research, “BROOKE GROUP LTD. is principally engaged in the manufacture and sale of cigarettes and the sale of information processing systems. It also has investments in a number of additional companies engaged in a diverse group of businesses.”

The institutional sentiment decreased to 1 in Q4 2015. Its down 1.36, from 2.36 in 2015Q3. The ratio fall, as 21 funds sold all Vector Group Ltd shares owned while 73 reduced positions. 19 funds bought stakes while 75 increased positions. They now own 52.20 million shares or 13.73% more from 45.89 million shares in 2015Q3.

Kortright Capital Partners Lp holds 4.88% of its portfolio in Vector Group Ltd for 188,554 shares. Hilton Capital Management Llc owns 506,597 shares or 3.85% of their US portfolio. Moreover, Lg Capital Management Lp has 3.69% invested in the company for 49,607 shares. The Maryland-based Park Circle Co has invested 2.91% in the stock. Archford Capital Strategies Llc, a Illinois-based fund reported 158,332 shares.

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