What’s Next for Alliance Holdings GP, L.P. (AHGP) After Forming Bullish Descending Triangle Pattern?

June 20, 2017 - By Nellie Frank

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.90, from 1.86 in 2016Q3. It turned negative, as 5 investors sold Alliance Holdings GP, L.P. shares while 19 reduced holdings. 9 funds opened positions while 14 raised stakes. 11.88 million shares or 1.33% less from 12.04 million shares in 2016Q3 were reported.
Neuberger Berman Grp Inc Lc invested in 6.91 million shares. Gsa Capital Prtnrs Llp owns 38,476 shares. Clinton stated it has 10,593 shares or 0.02% of all its holdings. Pinnacle Holdings Limited Liability has 0% invested in Alliance Holdings GP, L.P. (NASDAQ:AHGP). 24,105 were reported by Allianz Asset Management Ag. Assetmark Inc reported 400 shares or 0% of all its holdings. Tower Cap Llc (Trc) owns 300 shares. First Manhattan reported 0.02% in Alliance Holdings GP, L.P. (NASDAQ:AHGP). House Limited Liability Com owns 0.16% invested in Alliance Holdings GP, L.P. (NASDAQ:AHGP) for 36,840 shares. Walleye Trading Ltd Liability Corp owns 5,400 shares. Tiedemann Wealth Management Limited Liability Co owns 145,750 shares or 0.41% of their US portfolio. Bank & Trust Of America De has invested 0% in Alliance Holdings GP, L.P. (NASDAQ:AHGP). Van Eck Associate Corporation invested 0.04% in Alliance Holdings GP, L.P. (NASDAQ:AHGP). 24,985 are owned by Texas Yale Capital. Glenmede Tru Co Na reported 0.01% of its portfolio in Alliance Holdings GP, L.P. (NASDAQ:AHGP).

The stock of Alliance Holdings GP, L.P. (AHGP) formed a descending triangle with $25.80 target or 5.00 % above today’s $24.57 share price. The 8 months triangle pattern indicates low risk for the $1.27B company. If the $25.80 price target is reached, the company will be worth $63.50 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 7.57% or $1.73 on June 19, reaching $24.57. About shares traded. Alliance Holdings GP, L.P. (NASDAQ:AHGP) has risen 69.64% since June 20, 2016 and is uptrending. It has outperformed by 52.94% the S&P500.

Wall Street await Alliance Holdings GP, L.P. (NASDAQ:AHGP) to release earnings on July, 25. Analysts forecast earnings per share of $0.82, up exactly $0.06 or 7.89 % from 2014’s $0.76 EPS. The expected AHGP’s profit could reach $42.39M giving the stock 7.49 P/E in the case that $0.82 earnings per share is reported. After posting $0.92 EPS for the previous quarter, Alliance Holdings GP, L.P.’s analysts now forecast -10.87 % negative EPS growth.

More notable recent Alliance Holdings GP, L.P. (NASDAQ:AHGP) news were published by: Zacks.com which released: “Alliance Holdings (AHGP) in Focus: Stock Moves 7.6% Higher” on June 20, 2017, also Fool.com with their article: “While Global Coal Prices Go Hyperbolic, Alliance Holdings GP, LP Will Be Left …” published on December 13, 2016, Fool.com published: “These Are Alliance Holdings GP, LP’s Smartest Moves of 2016” on December 01, 2016. More interesting news about Alliance Holdings GP, L.P. (NASDAQ:AHGP) were released by: Fool.com and their article: “3 Terrible Reasons to Sell Alliance Holdings GP, LP” published on August 25, 2016 as well as Fool.com‘s news article titled: “How Safe Are Alliance Holdings GP, LP and Its Dividend?” with publication date: October 18, 2016.

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