Permian Basin Royalty Trust (PBT) Can’t Be Less Risky. The Stock Formed a Bullish Multiple Top Chart Pattern

April 17, 2018 - By Kurt Siggers

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.12, from 0.84 in 2017Q3. It increased, as 9 investors sold Permian Basin Royalty Trust shares while 14 reduced holdings. 10 funds opened positions while 12 raised stakes. 4.55 million shares or 3.23% more from 4.41 million shares in 2017Q3 were reported.
Beck Mack And Oliver holds 0% or 16,400 shares in its portfolio. Huntington Commercial Bank holds 100 shares. Stifel Fincl holds 59,781 shares or 0% of its portfolio. Sandy Spring Bancorporation invested in 6,524 shares or 0.01% of the stock. Sigma Planning has invested 0.01% in Permian Basin Royalty Trust (NYSE:PBT). Cambridge Invest Research Advsr Inc holds 22,069 shares. Bank Of America De stated it has 0% of its portfolio in Permian Basin Royalty Trust (NYSE:PBT). Diligent Investors Ltd Company owns 10,200 shares. Wells Fargo Company Mn holds 0% or 25,130 shares. The Georgia-based Investment Advsr Limited Liability Corp has invested 0.03% in Permian Basin Royalty Trust (NYSE:PBT). Deutsche State Bank Ag stated it has 212,281 shares or 0% of all its holdings. Hancock has invested 0.01% in Permian Basin Royalty Trust (NYSE:PBT). The Ontario – Canada-based Manufacturers Life Ins Co The has invested 0% in Permian Basin Royalty Trust (NYSE:PBT). Mraz Amerine Associates Inc accumulated 74,650 shares. Lucas Capital Mngmt holds 0.09% or 11,100 shares.

The stock of Permian Basin Royalty Trust (PBT) shows a multiple tops pattern with $10.45 target or 7.00 % above today’s $9.77 share price. The 9 months chart pattern indicates low risk for the $455.37 million company. It was reported on Apr, 17 by If the $10.45 price target is reached, the company will be worth $31.88 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 0.72% or $0.0701 during the last trading session, reaching $9.7701. About 57,038 shares traded. Permian Basin Royalty Trust (NYSE:PBT) has risen 5.95% since April 17, 2017 and is uptrending. It has underperformed by 5.60% the S&P500.

Permian Basin Royalty Trust (NYSE:PBT) Institutional Positions Chart

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