Could Realogy Holdings Corp (RLGY) Go Up? The Stock Formed Double Top Chart Pattern

June 19, 2017 - By Clifton Ray

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.19, from 1.06 in 2016Q3. It worsened, as 60 investors sold Realogy Holdings Corp shares while 75 reduced holdings. 43 funds opened positions while 75 raised stakes. 134.61 million shares or 4.00% less from 140.23 million shares in 2016Q3 were reported.
Amalgamated National Bank accumulated 20,099 shares. Credit Agricole S A holds 78 shares. State Board Of Administration Of Florida Retirement has 0.02% invested in Realogy Holdings Corp (NYSE:RLGY). Glenmede Trust Na has invested 0.03% in Realogy Holdings Corp (NYSE:RLGY). Da Davidson reported 0% stake. 140,591 were accumulated by Credit Suisse Ag. State Street Corporation stated it has 1.83M shares or 0% of all its holdings. Bogle Inv Management Limited Partnership De has 595,653 shares. Vanguard Grp Inc has invested 0.02% in Realogy Holdings Corp (NYSE:RLGY). Prelude Capital Mgmt Ltd Llc holds 0.01% or 3,400 shares. Cipher Capital Ltd Partnership stated it has 22,204 shares or 0.04% of all its holdings. Proshare has invested 0.01% in Realogy Holdings Corp (NYSE:RLGY). Winfield Associates has 50 shares. 59,984 were accumulated by Trexquant Investment Ltd Partnership. Barclays Public Ltd holds 0% or 142,051 shares.

The chart of Realogy Holdings Corp (RLGY) shows a double top with $32.68 target or 9.00 % above today’s $29.98 share price. The 5 months chart pattern indicates low risk for the $4.18B company. It was reported on Jun, 19 by Finviz.com. If the $32.68 price target is reached, the company will be worth $376.20M more. Double tops are rare but powerful chart patterns.

About 43,799 shares traded. Realogy Holdings Corp (NYSE:RLGY) has declined 1.61% since June 19, 2016 and is downtrending. It has underperformed by 18.31% the S&P500.

Realogy Holdings Corp (NYSE:RLGY) Ratings Coverage

Among 11 analysts covering Realogy Holdings Corporation (NYSE:RLGY), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Realogy Holdings Corporation had 24 analyst reports since August 3, 2015 according to SRatingsIntel. Citigroup maintained Realogy Holdings Corp (NYSE:RLGY) rating on Monday, August 22. Citigroup has “Buy” rating and $43 target. The firm has “Buy” rating given on Friday, October 2 by Citigroup. As per Friday, August 5, the company rating was maintained by Compass Point. The firm earned “Neutral” rating on Thursday, October 6 by Wedbush. The stock of Realogy Holdings Corp (NYSE:RLGY) has “Buy” rating given on Thursday, June 2 by Citigroup. The firm has “Buy” rating given on Friday, May 13 by Compass Point. The firm earned “Neutral” rating on Tuesday, November 24 by Compass Point. The firm has “Neutral” rating by JP Morgan given on Wednesday, February 24. Goldman Sachs downgraded it to “Neutral” rating and $47 target in Monday, August 3 report. The rating was upgraded by Wedbush to “Outperform” on Monday, December 19.

More notable recent Realogy Holdings Corp (NYSE:RLGY) news were published by: Prnewswire.com which released: “Realogy Earns CEO Cancer Gold Standard Re-Accreditation for Sixth Consecutive Year” on May 23, 2017, also Seekingalpha.com with their article: “Realogy Holdings (RLGY) Q4 2016 Results – Earnings Call Transcript” published on February 24, 2017, Prnewswire.com published: “Realogy And Guaranteed Rate Enter Into Mortgage Origination Joint Venture …” on February 15, 2017. More interesting news about Realogy Holdings Corp (NYSE:RLGY) were released by: Prnewswire.com and their article: “Realogy Reports Financial Results For First Quarter 2017” published on May 04, 2017 as well as Prnewswire.com‘s news article titled: “Realogy Diversity Panelists Discuss Company’s Impact on Emerging Growth …” with publication date: May 22, 2017.

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