Will Preformed Line Products Company (PLPC) Short Squeeze Soon? The Stock Formed a Double Top Chart Pattern

January 23, 2018 - By Maria Brooks

Investors sentiment increased to 2.75 in Q3 2017. Its up 1.31, from 1.44 in 2017Q2. It is positive, as 2 investors sold Preformed Line Products Company shares while 10 reduced holdings. 10 funds opened positions while 23 raised stakes. 2.27 million shares or 1.36% more from 2.24 million shares in 2017Q2 were reported.
Atlantic Group Limited Com accumulated 12,332 shares. Geode Capital Mngmt Limited Liability reported 23,322 shares stake. Rbf has invested 0.04% in Preformed Line Products Company (NASDAQ:PLPC). Dalton Greiner Hartman Maher And owns 84,532 shares or 0.32% of their US portfolio. Shaker Investments Ltd Liability Corp Oh has 0.33% invested in Preformed Line Products Company (NASDAQ:PLPC) for 7,000 shares. California State Teachers Retirement, California-based fund reported 5,003 shares. 5,500 were reported by D L Carlson Investment Group Inc Inc. Blackrock reported 0% in Preformed Line Products Company (NASDAQ:PLPC). Ameritas Partners Inc stated it has 222 shares. Nationwide Fund Advsr invested in 1,662 shares or 0% of the stock. Vanguard Grp Incorporated holds 0% or 107,734 shares. Tower Research Cap Limited Liability Com (Trc) accumulated 465 shares. Morgan Stanley has 4,111 shares. Wells Fargo & Company Mn accumulated 3,634 shares or 0% of the stock. Boston Prtnrs has 20,256 shares.

The chart of Preformed Line Products Company (PLPC) shows a double top with $85.56 target or 6.00 % above today’s $80.72 share price. The 5 months chart pattern indicates low risk for the $410.98 million company. It was reported on Jan, 23 by Finviz.com. If the $85.56 price target is reached, the company will be worth $24.66 million more. Double tops are rare but powerful chart patterns.

The stock decreased 1.08% or $0.88 during the last trading session, reaching $80.72. About 5,590 shares traded. Preformed Line Products Company (NASDAQ:PLPC) has risen 22.89% since January 23, 2017 and is uptrending. It has outperformed by 6.19% the S&P500.

More notable recent Preformed Line Products Company (NASDAQ:PLPC) news were published by: Marketwatch.com which released: “Preformed Line Products Co.” on June 05, 2009, also Cleveland.com with their article: “Preformed Line Products sees sales and income fall” published on May 02, 2014, Nasdaq.com published: “Preformed Line Products Company (PLPC) Ex-Dividend Date Scheduled for December …” on December 28, 2017. More interesting news about Preformed Line Products Company (NASDAQ:PLPC) were released by: Prnewswire.com and their article: “Preformed Line Products Announces Third Quarter And First Nine Months 2017 Results” published on November 03, 2017 as well as Prnewswire.com‘s news article titled: “Preformed Line Products Goes Platinum” with publication date: April 26, 2017.

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