Does A. Schulman, Inc. (SHLM) Have Any Gas After Forming This Bullish Double Top Chart Pattern?

January 15, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.37, from 1.42 in 2017Q2. It turned negative, as 26 investors sold A. Schulman, Inc. shares while 53 reduced holdings. 39 funds opened positions while 44 raised stakes. 22.12 million shares or 7.09% less from 23.81 million shares in 2017Q2 were reported.
Price T Rowe Assoc Inc Md has 0% invested in A. Schulman, Inc. (NASDAQ:SHLM). Highbridge Management reported 102,835 shares stake. Sei owns 590 shares. South Dakota Invest Council has invested 0.01% in A. Schulman, Inc. (NASDAQ:SHLM). Ameriprise Financial stated it has 0.01% of its portfolio in A. Schulman, Inc. (NASDAQ:SHLM). Martingale Asset Management L P holds 37,901 shares or 0.02% of its portfolio. The Missouri-based Kennedy Cap Mngmt has invested 0.06% in A. Schulman, Inc. (NASDAQ:SHLM). Financial Bank Of America De reported 95,063 shares. Stoneridge Invest Partners Llc holds 0.04% or 6,672 shares in its portfolio. Wells Fargo And Co Mn invested in 0.01% or 594,816 shares. 3,948 were accumulated by Clarivest Asset Mngmt Limited Liability. Guyasuta Invest Advsrs invested in 0.13% or 30,815 shares. 189,500 are held by Gamco Invsts Inc Et Al. First Advsrs Ltd Partnership holds 0% or 30,455 shares. Royal Comml Bank Of Canada owns 0% invested in A. Schulman, Inc. (NASDAQ:SHLM) for 7,949 shares.

The chart of A. Schulman, Inc. (SHLM) shows a double top with $42.78 target or 9.00 % above today’s $39.25 share price. The 8 months chart pattern indicates low risk for the $1.15 billion company. It was reported on Jan, 15 by Finviz.com. If the $42.78 price target is reached, the company will be worth $103.32 million more. Double tops are rare but powerful chart patterns.

The stock decreased 1.63% or $0.65 during the last trading session, reaching $39.25. About 117,581 shares traded. A. Schulman, Inc. (NASDAQ:SHLM) has risen 17.55% since January 15, 2017 and is uptrending. It has outperformed by 0.85% the S&P500.

A. Schulman, Inc. (NASDAQ:SHLM) Ratings Coverage

Among 9 analysts covering Schulman A (NASDAQ:SHLM), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Schulman A has $47 highest and $33 lowest target. $42’s average target is 7.01% above currents $39.25 stock price. Schulman A had 19 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was upgraded by Global Hunter Securities on Thursday, August 13 to “Accumulate”. The rating was upgraded by Northcoast to “Buy” on Friday, August 26. Seaport Global downgraded the stock to “Neutral” rating in Thursday, November 17 report. Gabelli upgraded the shares of SHLM in report on Tuesday, October 4 to “Buy” rating. The stock has “Buy” rating by Longbow on Friday, August 25. The stock of A. Schulman, Inc. (NASDAQ:SHLM) has “Overweight” rating given on Tuesday, September 22 by KeyBanc Capital Markets. The rating was downgraded by Longbow to “Neutral” on Thursday, August 11. The company was downgraded on Monday, March 14 by KeyBanc Capital Markets. The stock has “Hold” rating by Gabelli on Monday, August 15. As per Tuesday, September 22, the company rating was upgraded by Zacks.

More important recent A. Schulman, Inc. (NASDAQ:SHLM) news were published by: Nasdaq.com which released: “Earnings Reaction History: A. Schulman Inc., 71.4% Follow-Through Indicator, 7 …” on January 08, 2018, also Globenewswire.com published article titled: “A. Schulman to Webcast Fiscal 2018 First-Quarter Earnings Conference Call”, Investorplace.com published: “3 Stocks to Watch on Tuesday: A Schulman Inc, Allergan plc and Urban …” on January 09, 2018. More interesting news about A. Schulman, Inc. (NASDAQ:SHLM) was released by: Nasdaq.com and their article: “A. Schulman Inc. Profit Advances 13% In Q1” with publication date: January 08, 2018.

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