Does This Provide a Reason to Sell On Track Innovations Ltd. (OTIV)? The Stock Has Formed Double Bottom Pattern

March 21, 2018 - By Henry Gaston

Investors sentiment increased to 2 in Q3 2017. Its up 1.43, from 0.57 in 2017Q2. It improved, as 2 investors sold On Track Innovations Ltd. shares while 1 reduced holdings. 3 funds opened positions while 3 raised stakes. 3.30 million shares or 40.07% more from 2.36 million shares in 2017Q2 were reported.
Jpmorgan Chase Company invested in 0% or 7,012 shares. Moreover, Art Ltd Limited Liability Company has 0% invested in On Track Innovations Ltd. (NASDAQ:OTIV). Geode Management Limited Com invested in 0% or 22,179 shares. Moreover, Renaissance Ltd Llc has 0% invested in On Track Innovations Ltd. (NASDAQ:OTIV) for 709,481 shares. Spark Investment Mgmt Lc stated it has 0% of its portfolio in On Track Innovations Ltd. (NASDAQ:OTIV). Moreover, Huntington Fincl Bank has 0% invested in On Track Innovations Ltd. (NASDAQ:OTIV) for 300 shares. Commonwealth Equity Service Incorporated holds 0% or 42,748 shares in its portfolio. 10,000 were reported by Zacks Inv Mngmt. Moreover, Morgan Stanley has 0% invested in On Track Innovations Ltd. (NASDAQ:OTIV) for 8,500 shares. California Employees Retirement Sys owns 37,200 shares or 0% of their US portfolio. The New York-based Geller Family Office Llc has invested 0.6% in On Track Innovations Ltd. (NASDAQ:OTIV). Wolverine Asset Mgmt Ltd Limited Liability Company reported 100,000 shares. Sarbit Advisory stated it has 1.35 million shares. Deutsche National Bank Ag has invested 0% in On Track Innovations Ltd. (NASDAQ:OTIV).

The chart of On Track Innovations Ltd. (OTIV) shows a double bottom with $1.12 target or 6.00 % below today’s $1.19 share price. The 9 months chart pattern indicates high risk for the $48.95M company. It was reported on Mar, 21 by If the $1.12 price target is reached, the company will be worth $2.94 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.83% or $0.01 during the last trading session, reaching $1.19. About 242,257 shares traded. On Track Innovations Ltd. (NASDAQ:OTIV) has risen 53.41% since March 21, 2017 and is uptrending. It has outperformed by 36.71% the S&P500.

On Track Innovations Ltd. (NASDAQ:OTIV) Ratings Coverage

Among 2 analysts covering On Track Innovations (NASDAQ:OTIV), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. On Track Innovations has $3 highest and $1.25 lowest target. $2’s average target is 68.07% above currents $1.19 stock price. On Track Innovations had 7 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 10 by Northland Capital. The firm has “Buy” rating by Northland Capital given on Wednesday, July 19. Zacks upgraded the stock to “Hold” rating in Thursday, August 13 report. Northland Capital maintained the shares of OTIV in report on Tuesday, August 11 with “Outperform” rating. The rating was downgraded by Zacks to “Buy” on Tuesday, September 1. The firm earned “Buy” rating on Wednesday, October 4 by Northland Capital.

More notable recent On Track Innovations Ltd. (NASDAQ:OTIV) news were published by: which released: “On Track Innovations Ltd.” on June 07, 2016, also with their article: “On Track Innovations’ (OTIV) CEO Shlomi Cohen on Q3 2017 Results – Earnings …” published on November 08, 2017, published: “Attention Crypto Investors: On Track Innovations Is Now A Bitcoin Play” on December 18, 2017. More interesting news about On Track Innovations Ltd. (NASDAQ:OTIV) were released by: and their article: “3 Top Tech Stocks to Buy Under $10” published on November 29, 2016 as well as‘s news article titled: “8 Stocks Getting Hit By Bitcoin’s Regulatory Woes” with publication date: January 16, 2018.

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