What’s Propelling Investors Title Company (ITIC) to Decrease? The Stock Formed a Ascending Triangle

April 17, 2018 - By Jacob Falcon

Investors sentiment increased to 1.36 in Q4 2017. Its up 0.32, from 1.04 in 2017Q3. It increased, as 2 investors sold Investors Title Company shares while 20 reduced holdings. 8 funds opened positions while 22 raised stakes. 790,051 shares or 0.46% more from 786,425 shares in 2017Q3 were reported.
Invesco Limited invested in 0% or 1,077 shares. Virginia-based Markel has invested 0.8% in Investors Title Company (NASDAQ:ITIC). Advisory Service Network Ltd Llc owns 29 shares. Biglari Capital accumulated 30,000 shares or 0.49% of the stock. Livingston Group Asset Mngmt Co (Operating As Southport Cap Management) reported 6,449 shares. Martingale Asset Management L P holds 4,800 shares or 0.01% of its portfolio. Salem Counselors has invested 0% in Investors Title Company (NASDAQ:ITIC). California State Teachers Retirement Systems owns 2,312 shares for 0% of their portfolio. 37,173 were reported by Wells Fargo & Mn. Davenport & Co Limited Liability Co accumulated 2,843 shares. 7,373 are owned by Bankshares Of New York Mellon. First Limited Partnership accumulated 1,284 shares. 5,666 were reported by Oppenheimer Inc. Alliancebernstein Ltd Partnership holds 0% or 1,100 shares in its portfolio. Blackrock stated it has 0% in Investors Title Company (NASDAQ:ITIC).

The stock of Investors Title Company (ITIC) formed an ascending triangle with $185.25 target or 5.00 % below today’s $195.00 share price. The 5 months triangle pattern indicates high risk for the $367.75 million company. If the $185.25 price target is reached, the company will be worth $18.39M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.01% or $0.02 during the last trading session, reaching $195. About 359 shares traded. Investors Title Company (NASDAQ:ITIC) has risen 59.01% since April 17, 2017 and is uptrending. It has outperformed by 47.46% the S&P500.

Investors Title Company (NASDAQ:ITIC) Institutional Positions Chart

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