Will P.A.M. Transportation Services, Inc. (PTSI) Short Squeeze Soon? The Stock Formed a Multiple Top

March 21, 2018 - By Hazel Jackson

Investors sentiment increased to 0.56 in 2017 Q3. Its up 0.12, from 0.44 in 2017Q2. It improved, 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.
Commercial Bank Of Mellon holds 19,057 shares. Prelude Ltd accumulated 3,118 shares. Spark Investment Management Ltd Com has invested 0.01% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Royal Bancorp Of Canada holds 38,900 shares. Bridgeway Capital Mngmt invested in 52,932 shares. Pacific Ridge Cap Prns Limited Liability Co owns 174,151 shares for 1.18% of their portfolio. Manufacturers Life Ins Co The reported 436 shares stake. Jpmorgan Chase And, New York-based fund reported 5,900 shares. Invesco Ltd invested 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Moreover, Bancorp Of America De has 0% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) for 4,253 shares. Lsv Asset Management reported 0% stake. Geode Cap Llc owns 18,125 shares or 0% of their US portfolio. Wells Fargo And Mn reported 568 shares stake. Millennium Ltd Llc accumulated 17,114 shares. Meeder Asset Incorporated reported 90 shares.

The stock of P.A.M. Transportation Services, Inc. (PTSI) shows a multiple tops pattern with $38.30 target or 4.00 % above today’s $36.83 share price. The 8 months chart pattern indicates low risk for the $227.46M company. It was reported on Mar, 21 by Finviz.com. If the $38.30 price target is reached, the company will be worth $9.10 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 0.08% or $0.03 during the last trading session, reaching $36.83. About 13,125 shares traded. P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has declined 13.34% since March 21, 2017 and is downtrending. It has underperformed by 30.04% the S&P500.

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