Could Tuesday Morning Corporation (TUES) See a Reversal After Having Formed Several Months Bearish Double Bottom Pattern

September 12, 2017 - By Migdalia James

Investors sentiment increased to 1.53 in 2016 Q4. Its up 0.39, from 1.14 in 2016Q3. It is positive, as 14 investors sold Tuesday Morning Corporation shares while 22 reduced holdings. 11 funds opened positions while 44 raised stakes. 40.38 million shares or 0.90% more from 40.02 million shares in 2016Q3 were reported.
Moreover, Mason Street Advisors Limited Liability has 0% invested in Tuesday Morning Corporation (NASDAQ:TUES). Meeder Asset Management accumulated 6,836 shares or 0% of the stock. Prudential Fincl Incorporated owns 0% invested in Tuesday Morning Corporation (NASDAQ:TUES) for 75,446 shares. Td Asset Incorporated has 107,600 shares. Legal And General Public Limited Company accumulated 76,000 shares or 0% of the stock. Northern Tru Corp, Illinois-based fund reported 530,531 shares. Winslow Evans & Crocker accumulated 2,700 shares or 0% of the stock. Capstone Asset Management holds 61,100 shares or 0.01% of its portfolio. Jpmorgan Chase holds 134,369 shares or 0% of its portfolio. Metropolitan Life Insurance Ny reported 32,580 shares. Teton owns 11,096 shares or 0.01% of their US portfolio. Geode Capital Management Ltd owns 319,668 shares. Creative Planning holds 0% in Tuesday Morning Corporation (NASDAQ:TUES) or 500 shares. Landscape Cap Management Lc owns 39,551 shares for 0.03% of their portfolio. Blackrock Advsr holds 25,084 shares or 0% of its portfolio.

Since May 4, 2017, it had 5 buys, and 0 selling transactions for $686,620 activity. Shares for $89,455 were bought by BURMAN TERRY LEE. SHIRLEY STACIE had bought 10,000 shares worth $18,500 on Friday, May 26.

The chart of Tuesday Morning Corporation (TUES) shows a double bottom with $1.96 target or 9.00 % below today’s $2.15 share price. The 9 months chart pattern indicates high risk for the $97.06M company. It was reported on Sep, 12 by Finviz.com. If the $1.96 price target is reached, the company will be worth $8.74 million less. Double bottoms are rare but powerful chart patterns.

About 87,097 shares traded. Tuesday Morning Corporation (NASDAQ:TUES) has declined 67.64% since September 12, 2016 and is downtrending. It has underperformed by 84.34% the S&P500.

Tuesday Morning Corporation (NASDAQ:TUES) Ratings Coverage

Among 3 analysts covering Tuesday Morning (NASDAQ:TUES), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Tuesday Morning had 7 analyst reports since August 24, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Hold” rating in Friday, August 21 report. Stifel Nicolaus upgraded Tuesday Morning Corporation (NASDAQ:TUES) on Monday, August 24 to “Buy” rating. The rating was maintained by B. Riley & Co on Friday, August 25 with “Neutral”. The firm has “Neutral” rating given on Tuesday, January 26 by B. Riley & Co. The firm has “Hold” rating given on Wednesday, January 18 by Johnson Rice. Stifel Nicolaus maintained Tuesday Morning Corporation (NASDAQ:TUES) rating on Monday, May 2. Stifel Nicolaus has “Buy” rating and $11 target. The stock of Tuesday Morning Corporation (NASDAQ:TUES) has “Buy” rating given on Wednesday, August 26 by Zacks.

More news for Tuesday Morning Corporation (NASDAQ:TUES) were recently published by: Seekingalpha.com, which released: “Tuesday Morning’s (TUES) CEO Steven Becker on Q4 2017 Results – Earnings Call …” on August 24, 2017. Globenewswire.com‘s article titled: “Tuesday Morning Corporation Announces Fourth Quarter and Fiscal 2017 Results” and published on August 24, 2017 is yet another important article.

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