Gladstone Land Corporation (LANDP) Can’t Be More Risky. The Stock Formed a Bearish Wedge Down Pattern

July 13, 2018 - By Eula Gilbert

The stock of Gladstone Land Corporation (LANDP) formed a down wedge with $23.22 target or 9.00 % below today’s $25.52 share price. The 7 months wedge indicates high risk for the $205.76M company. If the $23.22 price target is reached, the company will be worth $18.52 million 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 increased 0.12% or $0.03 during the last trading session, reaching $25.52. About 1,800 shares traded or 23.29% up from the average. Gladstone Land Corporation (NASDAQ:LANDP) has declined 0.82% since July 13, 2017 and is downtrending. It has underperformed by 13.39% the S&P500.

Another recent and important Gladstone Land Corporation (NASDAQ:LANDP) news was published by Nasdaq.com which published an article titled: “Gladstone Land Announces Increase in Monthly Cash Distributions For July, August, and September 2018 and …” on July 10, 2018.

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland and farm-related properties located in major agricultural markets in the U.S., which it leases to farmers. The company has market cap of $205.76 million. The Firm reports the current fair value of its farmland on a quarterly basis; as of March 31, 2018, the estimated net asset value of the Company was $13.57 per share. It currently has negative earnings. Gladstone Land currently owns 75 farms, comprised of 63,351 acres in 9 different states across the U.S., valued at approximately $537 million.

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