P.A.M. Transportation Services, Inc. (PTSI)’s Stock Formed A Several Months Multiple Top

March 16, 2018 - By Linda Rogers

Investors sentiment increased to 0.56 in Q3 2017. Its up 0.12, from 0.44 in 2017Q2. It increased, as 4 investors sold P.A.M. Transportation Services, Inc. shares while 14 reduced holdings. 5 funds opened positions while 5 raised stakes. 1.50 million shares or 1.71% less from 1.53 million shares in 2017Q2 were reported.
National Bank & Trust Of Ny Mellon Corp holds 0% of its portfolio in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) for 19,057 shares. Deutsche State Bank Ag reported 6 shares. Manufacturers Life Ins The holds 436 shares. Moreover, Spark Management Ltd Liability Corporation has 0.01% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Dimensional Fund Limited Partnership owns 368,699 shares. Wells Fargo And Commerce Mn holds 568 shares or 0% of its portfolio. Acadian Asset Limited Com, a Massachusetts-based fund reported 1,519 shares. Moreover, Blackrock has 0% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) for 153,030 shares. Northern Trust Corp has invested 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Pacific Ridge Cap Limited Liability Co owns 174,151 shares. Geode Mngmt Ltd Liability has 18,125 shares. Meeder Asset Management reported 0% of its portfolio in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Millennium Mngmt Llc holds 0% or 17,114 shares in its portfolio. Royal Bank & Trust Of Canada holds 38,900 shares or 0% of its portfolio. Nationwide Fund Advsr owns 13,659 shares or 0% of their US portfolio.

The stock of P.A.M. Transportation Services, Inc. (PTSI) shows a multiple tops pattern with $38.33 target or 5.00 % above today’s $36.50 share price. The 8 months chart pattern indicates low risk for the $225.42M company. It was reported on Mar, 16 by Finviz.com. If the $38.33 price target is reached, the company will be worth $11.27 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 2.53% or $0.9 during the last trading session, reaching $36.5. About 27,172 shares traded or 77.33% up from the average. P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has declined 13.34% since March 16, 2017 and is downtrending. It has underperformed by 30.04% the S&P500.

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