Traders Are Bullish P.A.M. Transportation Services, Inc. (PTSI) After The Stock Formed Bullish Double Top Chart Pattern

December 7, 2017 - By Jacob Falcon

Investors sentiment decreased to 0.44 in 2017 Q2. Its down 0.38, from 0.82 in 2017Q1. It dropped, as 11 investors sold P.A.M. Transportation Services, Inc. shares while 16 reduced holdings. 5 funds opened positions while 7 raised stakes. 1.53 million shares or 13.13% less from 1.76 million shares in 2017Q1 were reported.
Millennium Mgmt Limited Co holds 18,868 shares or 0% of its portfolio. Vanguard Group Incorporated Inc accumulated 104,221 shares. Dimensional Fund L P invested in 360,772 shares or 0% of the stock. Royal National Bank & Trust Of Canada stated it has 40,903 shares. Lsv Asset holds 0% or 96,981 shares in its portfolio. Renaissance Techs Ltd Liability accumulated 0.01% or 335,700 shares. Denali Advsr Ltd Liability Com holds 0% or 160 shares in its portfolio. Geode Capital Management Ltd Llc reported 0% stake. 15,159 are held by Nationwide Fund Advsr. Barclays Public Ltd holds 0% or 3,913 shares in its portfolio. The New Jersey-based Jacobs Levy Equity has invested 0% in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI). Carroll Fincl holds 250 shares or 0% of its portfolio. Citigroup stated it has 3,267 shares or 0% of all its holdings. Pacific Ridge Capital Partners Lc invested in 174,921 shares. Northern has 15,001 shares for 0% of their portfolio.

The chart of P.A.M. Transportation Services, Inc. (PTSI) shows a double top with $38.22 target or 4.00 % above today’s $36.75 share price. The 7 months chart pattern indicates low risk for the $231.64 million company. It was reported on Dec, 7 by Finviz.com. If the $38.22 price target is reached, the company will be worth $9.27M more. Double tops are rare but powerful chart patterns.

The stock increased 0.11% or $0.04 during the last trading session, reaching $36.75. About 10,121 shares traded. P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) has declined 13.34% since December 7, 2016 and is downtrending. It has underperformed by 30.04% the S&P500.

Analysts await P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) to report earnings on February, 6. They expect $0.19 EPS, up 72.73 % or $0.08 from last year’s $0.11 per share. PTSI’s profit will be $1.20 million for 48.36 P/E if the $0.19 EPS becomes a reality. After $0.54 actual EPS reported by P.A.M. Transportation Services, Inc. for the previous quarter, Wall Street now forecasts -64.81 % negative EPS growth.

More notable recent P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) news were published by: Globenewswire.com which released: “PAM Transportation Services, Inc. Announces Results for the Second Quarter …” on July 27, 2017, also Seekingalpha.com with their article: “PAM Transport: Catalysts Aligning” published on August 03, 2017, Seekingalpha.com published: “Industry Rebound, Clearing Financials Could Lead PAM Transport To Double In 6 …” on August 21, 2016. 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 Globenewswire.com‘s news article titled: “PAM Transportation Services, Inc. Announces Results for the Fourth Quarter and …” with publication date: February 07, 2017.

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