Price Action Alert: Is Buying Chase Corporation Here a Winning Strategy?

Price Action Alert: Is Buying Chase Corporation Here a Winning Strategy?

The stock of Chase Corporation (NYSEMKT:CCF) reached all time high today, Nov, 21 and still has $133.93 target or 69.00% above today’s $79.25 share price. This indicates more upside for the $764.77M company. This technical setup was reported by Barchart.com. If the $133.93 PT is reached, the company will be worth $527.69 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.60% or $1.25 on November 21, hitting $79.25. About 25,687 shares traded hands or 12.56% up from the average. Chase Corporation (NYSEMKT:CCF) has risen 35.16% since April 19, 2016 and is uptrending. It has outperformed by 31.30% the S&P500.

According to Zacks Investment Research, “CHASE CORP. manufactures insulating and semi-conducting electrical cable tape wrappings, cable filling compounds, anti-corrosion mastics, reinforced rubber and asphalt tapes and bridge deck corrosion barrier membranes. Co.’s principal products are protective coatings and tape products that are sold in national and international markets.”

Insitutional Activity: The institutional sentiment decreased to 1.77 in 2016 Q2. Its down 0.06, from 1.83 in 2016Q1. The ratio dived, as 8 funds sold all Chase Corporation shares owned while 21 reduced positions. 18 funds bought stakes while 35 increased positions. They now own 4.67 million shares or 10.07% less from 5.19 million shares in 2016Q1.
Fmr Limited Company has 0.01% invested in the company for 1.30 million shares. Advisors Asset Mgmt holds 0.01% of its portfolio in Chase Corporation (NYSEMKT:CCF) for 12,368 shares. Moreover, Tiaa Cref Mgmt Ltd Limited Liability Company has 0% invested in Chase Corporation (NYSEMKT:CCF) for 26,794 shares. Blackrock Limited Company last reported 0% of its portfolio in the stock. Northern Tru Corporation accumulated 0% or 86,393 shares. Janney Montgomery Scott Ltd Liability Com accumulated 0.01% or 9,400 shares. Nationwide Fund Advisors accumulated 29,303 shares or 0.01% of the stock. Grandeur Peak Global Advsrs Limited Liability Com has 0.01% invested in the company for 1,125 shares. Bragg Financial Advisors accumulated 11,205 shares or 0.12% of the stock. Wells Fargo And Company Mn last reported 0% of its portfolio in the stock. Lsv Asset Management last reported 1,000 shares in the company. Teachers Inc holds 0% or 12,640 shares in its portfolio. Wellington Mgmt Grp Limited Liability Partnership has invested 0% of its portfolio in Chase Corporation (NYSEMKT:CCF). Blackrock Group holds 0% or 2,091 shares in its portfolio. California State Teachers Retirement owns 14,809 shares or 0% of their US portfolio.

Insider Transactions: Since July 20, 2016, the stock had 0 buys, and 12 selling transactions for $1.51 million net activity. 8,000 Chase Corporation (NYSEMKT:CCF) shares with value of $583,425 were sold by CHASE PETER R. $38,440 worth of Chase Corporation (NYSEMKT:CCF) shares were sold by Chase Mary Claire. HUGHES GEORGE M sold $60,690 worth of Chase Corporation (NYSEMKT:CCF) on Tuesday, August 2. WROE THOMAS JR sold $361,500 worth of stock or 5,000 shares.

CCF Company Profile

Chase Corporation (Chase), incorporated on March 1, 1988, is a maker of protective materials for high reliability applications. The Firm operates in two divisions: industrial materials segment and construction materials segment. The industrial materials segment represents its specified products, which are used in or integrated into another company’s product with demand dependent upon general economic conditions. The construction materials segment reflects its construction project oriented product offerings, which are primarily sold and used as Chase branded products in final form.

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