P.A.M. Transportation Services, Inc. (PTSI)’s Stock Is Buy After Forming Bullish Multiple Top

February 14, 2018 - By Jan Rainey

Investors sentiment increased to 0.56 in Q3 2017. Its up 0.12, from 0.44 in 2017Q2. It is positive, 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.
52,932 are owned by Bridgeway Mgmt. 368,699 are owned by Dimensional Fund Limited Partnership. Denali Ltd Llc has 0% invested in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) for 160 shares. Renaissance Ltd reported 334,200 shares. Acadian Asset invested in 0% or 1,519 shares. Prelude Cap Ltd invested in 3,118 shares. Deutsche Fincl Bank Ag invested in 0% or 6 shares. Geode Mgmt Limited Liability Co invested 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Spark Invest Mgmt owns 8,600 shares. 38,900 were reported by Royal National Bank Of Canada. Bancshares Of Ny Mellon Corp reported 0% stake. Nationwide Fund accumulated 13,659 shares or 0% of the stock. Millennium Mngmt Ltd accumulated 0% or 17,114 shares. Meeder Asset Mngmt accumulated 90 shares. 250 are held by Carroll Fincl Associates.

The stock of P.A.M. Transportation Services, Inc. (PTSI) shows a multiple tops pattern with $38.06 target or 4.00 % above today’s $36.60 share price. The 5 months chart pattern indicates low risk for the $230.69M company. It was reported on Feb, 14 by Finviz.com. If the $38.06 price target is reached, the company will be worth $9.23 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 3.04% or $1.0795 during the last trading session, reaching $36.5995. About 46,092 shares traded or 204.90% up from the average. P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has declined 13.34% since February 14, 2017 and is downtrending. It has underperformed by 30.04% the S&P500.

More notable recent P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) news were published by: Seekingalpha.com which released: “PAM Transport: Catalysts Aligning” on August 03, 2017, also Quotes.Wsj.com with their article: “PAM Transportation Services Inc. PTSI (US: Nasdaq)” published on February 11, 2011, Globenewswire.com published: “PAM Transportation Services, Inc. Announces Results for the First Quarter …” on April 27, 2017. More interesting news about P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) were released by: Globenewswire.com and their article: “PAM Transportation Services, Inc. Announces Results for the Third Quarter …” published on October 23, 2017 as well as Marketwatch.com‘s news article titled: “PAM Transportation Services Inc.” with publication date: June 07, 2016.

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