Bullish Chart Formation for Omega Flex, Inc. (OFLX) After Forming Bullish Double Top Pattern

January 18, 2018 - By Darrin Black

Investors sentiment increased to 1.41 in Q3 2017. Its up 0.06, from 1.35 in 2017Q2. It increased, as 3 investors sold Omega Flex, Inc. shares while 14 reduced holdings. 7 funds opened positions while 17 raised stakes. 2.17 million shares or 11.41% more from 1.95 million shares in 2017Q2 were reported.
Ranger Mngmt L P reported 41,140 shares. Next Fincl Gru holds 0% of its portfolio in Omega Flex, Inc. (NASDAQ:OFLX) for 30 shares. Geode Mgmt Lc accumulated 44,480 shares. Panagora Asset Mgmt Incorporated invested 0% in Omega Flex, Inc. (NASDAQ:OFLX). Meeder Asset Management reported 24 shares or 0% of all its holdings. Morgan Stanley stated it has 7,454 shares or 0% of all its holdings. Vanguard Group, a Pennsylvania-based fund reported 151,556 shares. Renaissance Technologies Ltd Co stated it has 0% in Omega Flex, Inc. (NASDAQ:OFLX). Schwab Charles Mngmt stated it has 17,986 shares. Dimensional Fund Advsr L P has 0.01% invested in Omega Flex, Inc. (NASDAQ:OFLX) for 251,875 shares. Royal Bancorporation Of Canada holds 206 shares. Envestnet Asset holds 0% of its portfolio in Omega Flex, Inc. (NASDAQ:OFLX) for 110 shares. Wells Fargo Mn holds 0% of its portfolio in Omega Flex, Inc. (NASDAQ:OFLX) for 6,839 shares. Gsa Capital Prtn Ltd Liability Partnership holds 0.01% or 2,800 shares. Blackrock has invested 0% in Omega Flex, Inc. (NASDAQ:OFLX).

The chart of Omega Flex, Inc. (OFLX) shows a double top with $70.90 target or 9.00 % above today’s $65.05 share price. The 7 months chart pattern indicates low risk for the $656.47 million company. It was reported on Jan, 18 by Finviz.com. If the $70.90 price target is reached, the company will be worth $59.08M more. Double tops are rare but powerful chart patterns.

It closed at $65.05 lastly. It is up 82.58% since January 18, 2017 and is uptrending. It has outperformed by 65.88% the S&P500.

More notable recent Omega Flex, Inc. (NASDAQ:OFLX) news were published by: Nasdaq.com which released: “Omega Flex, Inc. (OFLX) Ex-Dividend Date Scheduled for December 22, 2017” on December 21, 2017, also Globenewswire.com with their article: “Omega Flex, Inc. Announces Third Quarter 2017 Earnings” published on October 19, 2017, Seekingalpha.com published: “Omega Flex, Inc. – A Market Leader You’ve Never Heard Of” on February 08, 2016. More interesting news about Omega Flex, Inc. (NASDAQ:OFLX) were released by: Globenewswire.com and their article: “Omega Flex, Inc. Wins Third Consecutive CSST Court Case” published on January 23, 2014 as well as Businesswire.com‘s news article titled: “OmegaFlex Reiterates Call for Maintaining National CSST Safety Standards” with publication date: May 23, 2016.

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