Could AstroNova, Inc. (ALOT) Go Up? The Stock Formed Bullish Inverse Head & Shoulders Chart Pattern

February 15, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.29, from 1.09 in 2017Q2. It is negative, as 4 investors sold AstroNova, Inc. shares while 11 reduced holdings. 3 funds opened positions while 9 raised stakes. 3.68 million shares or 2.85% more from 3.58 million shares in 2017Q2 were reported.
North Star accumulated 89,450 shares or 0.15% of the stock. Renaissance Tech Ltd reported 177,950 shares stake. Wellington Ltd Liability Partnership invested in 279,497 shares or 0% of the stock. Deutsche National Bank & Trust Ag holds 0% or 9,698 shares in its portfolio. Northern Corporation reported 29,168 shares. Vanguard Gru Inc holds 233,661 shares or 0% of its portfolio. State Common Retirement Fund reported 146,572 shares. Grace And White Inc Ny has invested 0.28% in AstroNova, Inc. (NASDAQ:ALOT). Salem Inv Counselors reported 136,145 shares. Rutabaga Management Ltd Com Ma has invested 0.96% in AstroNova, Inc. (NASDAQ:ALOT). Tower Capital Limited Liability Corporation (Trc) holds 0% in AstroNova, Inc. (NASDAQ:ALOT) or 1,434 shares. Bank & Trust Of America De has 275 shares for 0% of their portfolio. Bridgeway Cap Mngmt reported 0.01% stake. Parkside Finance National Bank Trust, a Missouri-based fund reported 854 shares. Blackrock Incorporated holds 0% of its portfolio in AstroNova, Inc. (NASDAQ:ALOT) for 19,305 shares.

Since August 14, 2017, it had 0 insider buys, and 4 selling transactions for $274,405 activity.

The stock of AstroNova, Inc. (ALOT) formed H&SI with $14.12 price target or 5.00 % above the current $13.45 share price. The 5 months Head & Shoulders Inverse reveals low risk for the $90.94M company. This trade was featured by Faxor.com on Feb, 15. If the $14.12 target price is reached, the company’s valuation will be $4.55M more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

It closed at $13.45 lastly. It is down 1.05% since February 15, 2017 and is downtrending. It has underperformed by 17.75% the S&P500.

More notable recent AstroNova, Inc. (NASDAQ:ALOT) news were published by: Seekingalpha.com which released: “Astro-Med: Growth, Income, And Undervalued” on May 02, 2015, also Seekingalpha.com with their article: “AstroNova’s (ALOT) CEO Greg Woods on Q2 2018 Results – Earnings Call Transcript” published on August 23, 2017, Seekingalpha.com published: “AstroNova’s (ALOT) CEO Gregory Woods on Q1 2017 Results – Earnings Call Transcript” on May 16, 2017. More interesting news about AstroNova, Inc. (NASDAQ:ALOT) were released by: Globenewswire.com and their article: “AstroNova, Inc. (Nasdaq: ALOT) to Ring The Nasdaq Stock Market Opening Bell” published on May 26, 2016 as well as Businesswire.com‘s news article titled: “Astro-Med, Inc. to Do Business as AstroNova to Support Growth Strategy” with publication date: September 25, 2015.

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