Is National Bankshares, Inc. (NKSH)’s Fuel Running High? The Stock Formed Bullish Double Top Pattern

March 14, 2018 - By Louis Casey

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.13, from 1.05 in 2017Q2. It increased, as 7 investors sold National Bankshares, Inc. shares while 10 reduced holdings. 5 funds opened positions while 15 raised stakes. 1.88 million shares or 1.09% less from 1.90 million shares in 2017Q2 were reported.
M&R Capital Mngmt Inc accumulated 0.03% or 3,072 shares. Parametric Ltd Liability Company invested in 9,217 shares. Northern Tru Corporation holds 0% or 83,930 shares in its portfolio. Wealthcare Mngmt Limited Liability Corp accumulated 0% or 250 shares. Rhumbline Advisers stated it has 8,374 shares. 5,514 were accumulated by Voya Investment Mgmt Limited Liability Company. Tower Research Limited Liability Company (Trc) stated it has 51 shares. Kennedy Mgmt has 0.02% invested in National Bankshares, Inc. (NASDAQ:NKSH) for 24,710 shares. Federated Inc Pa stated it has 0% of its portfolio in National Bankshares, Inc. (NASDAQ:NKSH). State Board Of Administration Of Florida Retirement Sys stated it has 0% of its portfolio in National Bankshares, Inc. (NASDAQ:NKSH). Tiaa Cref Invest Mgmt stated it has 0% in National Bankshares, Inc. (NASDAQ:NKSH). Brandes Investment Ptnrs L P holds 29,499 shares. Schwab Charles Investment Mgmt Inc holds 0% in National Bankshares, Inc. (NASDAQ:NKSH) or 9,300 shares. Morgan Stanley holds 0% in National Bankshares, Inc. (NASDAQ:NKSH) or 8,858 shares. Geode Cap Mgmt Ltd Liability Co has invested 0% of its portfolio in National Bankshares, Inc. (NASDAQ:NKSH).

The chart of National Bankshares, Inc. (NKSH) shows a double top with $43.94 target or 4.00 % above today’s $42.25 share price. The 5 months chart pattern indicates low risk for the $293.97M company. It was reported on Mar, 14 by If the $43.94 price target is reached, the company will be worth $11.76M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.24% or $0.1 during the last trading session, reaching $42.25. About 327 shares traded. National Bankshares, Inc. (NASDAQ:NKSH) has risen 20.76% since March 14, 2017 and is uptrending. It has outperformed by 4.06% the S&P500.

More recent National Bankshares, Inc. (NASDAQ:NKSH) news were published by: which released: “American National Bankshares Inc (AMNB) Files 10-K for the Fiscal Year Ended …” on March 09, 2018. Also published the news titled: “American National Bankshares Inc. Announces First Quarter 2018 Dividend” on February 21, 2018.‘s news article titled: “American National Bankshares, Inc. (AMNB) Ex-Dividend Date Scheduled for March …” with publication date: February 28, 2018 was also an interesting one.

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