Could United Fire Group, Inc. (UFCS) See a Reversal After Having Formed Several Months Bearish Double Bottom Pattern

February 15, 2018 - By Winifred Garcia

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.27, from 1.14 in 2017Q2. It worsened, as 8 investors sold United Fire Group, Inc. shares while 47 reduced holdings. 15 funds opened positions while 33 raised stakes. 14.40 million shares or 0.37% less from 14.45 million shares in 2017Q2 were reported.
Ls Inv Advsr Ltd Liability holds 761 shares. Morgan Dempsey Cap Management Ltd Co accumulated 8,706 shares. Price T Rowe Associate Incorporated Md, Maryland-based fund reported 27,160 shares. Public Employees Retirement Association Of Colorado reported 9,800 shares. Piedmont Investment Ltd Liability Com reported 4,634 shares. Us Natl Bank De invested in 0% or 33,228 shares. The New York-based Morgan Stanley has invested 0% in United Fire Group, Inc. (NASDAQ:UFCS). Goldman Sachs Grp Incorporated has 95,957 shares. Earnest Ltd Liability Corporation holds 0.64% of its portfolio in United Fire Group, Inc. (NASDAQ:UFCS) for 1.40 million shares. Credit Suisse Ag stated it has 30,002 shares. Qs Ltd holds 52,555 shares. Thrivent For Lutherans reported 41,886 shares stake. Guggenheim Cap Lc holds 0% or 31,103 shares in its portfolio. Great West Life Assurance Can has 0% invested in United Fire Group, Inc. (NASDAQ:UFCS). Great Lakes Advsr Limited Liability Com has invested 0.09% in United Fire Group, Inc. (NASDAQ:UFCS).

The chart of United Fire Group, Inc. (UFCS) shows a double bottom with $42.05 target or 5.00 % below today’s $44.26 share price. The 8 months chart pattern indicates high risk for the $1.10B company. It was reported on Feb, 15 by Finviz.com. If the $42.05 price target is reached, the company will be worth $55.05 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 6.95% or $2.88 during the last trading session, reaching $44.26. About 141,959 shares traded or 132.57% up from the average. United Fire Group, Inc. (NASDAQ:UFCS) has risen 4.42% since February 15, 2017 and is uptrending. It has underperformed by 12.28% the S&P500.

More important recent United Fire Group, Inc. (NASDAQ:UFCS) news were published by: Globenewswire.com which released: “United Fire Group, Inc. Reports Fourth Quarter and Year End 2017 Results” on February 14, 2018, also Globenewswire.com published article titled: “United Fire Group, Inc. Reports Third Quarter 2017 Results”, Globenewswire.com published: “United Fire Group, Inc. Reaches Definitive Agreement to Sell its Subsidiary …” on September 19, 2017. More interesting news about United Fire Group, Inc. (NASDAQ:UFCS) was released by: Marketwatch.com and their article: “United Fire Group Inc.” with publication date: September 29, 2017.

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