Some Traders Are Very Bullish on Investors Title Company (ITIC) After Forming Bullish Wedge Up Pattern

January 12, 2018 - By Louis Casey

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.63, from 1.67 in 2017Q2. It is negative, as 2 investors sold Investors Title Company shares while 22 reduced holdings. 9 funds opened positions while 16 raised stakes. 786,425 shares or 0.61% less from 791,260 shares in 2017Q2 were reported.
Deutsche Bankshares Ag has 2,363 shares for 0% of their portfolio. Geode Capital Management Limited Co, a Massachusetts-based fund reported 10,554 shares. Catalyst Advsrs Ltd Liability has invested 0.03% of its portfolio in Investors Title Company (NASDAQ:ITIC). Northern Tru Corporation owns 22,927 shares for 0% of their portfolio. South State accumulated 1,686 shares. Pnc Finance Serv Grp holds 250 shares or 0% of its portfolio. Livingston Grp Asset Mgmt (Operating As Southport Management) owns 6,449 shares for 0.49% of their portfolio. Bridgeway Cap holds 5,692 shares. State Street reported 0% of its portfolio in Investors Title Company (NASDAQ:ITIC). Rhumbline Advisers reported 1,515 shares stake. First Advsrs Lp stated it has 0% in Investors Title Company (NASDAQ:ITIC). Legal General Grp Pcl stated it has 0% of its portfolio in Investors Title Company (NASDAQ:ITIC). Salem Counselors Inc reported 20 shares. Blackrock Inc reported 104,736 shares. Wells Fargo Mn reported 35,219 shares stake.

The stock of Investors Title Company (ITIC) formed an up wedge with $207.82 target or 7.00 % above today’s $194.22 share price. The 5 months wedge indicates low risk for the $366.50 million company. If the $207.82 price target is reached, the company will be worth $25.65 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.78% or $1.52 during the last trading session, reaching $194.22. About 2 shares traded. Investors Title Company (NASDAQ:ITIC) has risen 101.17% since January 12, 2017 and is uptrending. It has outperformed by 84.47% the S&P500.

Another recent and important Investors Title Company (NASDAQ:ITIC) news was published by Businesswire.com which published an article titled: “Investors Title Company Board Declares Special Cash Dividend and Regular …” on November 14, 2017.

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