Could United Bancshares Inc. OH (UBOH) Change Direction After This Bullish Multiple Top Chart Pattern

September 17, 2017 - By Michael Collier

Investors sentiment decreased to 0.67 in 2016 Q4. Its down 0.58, from 1.25 in 2016Q3. It dropped, as 1 investors sold United Bancshares Inc. OH shares while 2 reduced holdings. 1 funds opened positions while 1 raised stakes. 584,190 shares or 0.21% more from 582,950 shares in 2016Q3 were reported.
Blackrock Inv Mgmt Ltd Liability holds 499 shares or 0% of its portfolio. Rbf Capital Ltd stated it has 57,500 shares or 0.18% of all its holdings. Moreover, Federated Investors Pa has 0% invested in United Bancshares Inc. OH (NASDAQ:UBOH) for 225 shares. Acadian Asset Management Ltd Liability Corporation invested 0% of its portfolio in United Bancshares Inc. OH (NASDAQ:UBOH). Blackrock Fund Advsr, a California-based fund reported 679 shares. Gendell Jeffrey L stated it has 0.8% of its portfolio in United Bancshares Inc. OH (NASDAQ:UBOH). Dimensional Fund Ltd Partnership invested in 0% or 32,686 shares. Pinnacle Lc owns 44,520 shares. Creative Planning has 200 shares for 0% of their portfolio. Deutsche Bancorporation Ag has 5 shares for 0% of their portfolio. Morgan Stanley reported 0% in United Bancshares Inc. OH (NASDAQ:UBOH). Edge Wealth Mgmt Ltd Company holds 40,000 shares. Financial Bank Of America Corp De reported 2 shares. Arbiter Prtnrs Cap Mngmt Lc reported 44,236 shares. Wells Fargo & Comm Mn accumulated 11,248 shares or 0% of the stock.

The stock of United Bancshares Inc. OH (UBOH) shows a multiple tops pattern with $22.88 target or 4.00 % above today’s $22.00 share price. The 8 months chart pattern indicates low risk for the $71.88 million company. It was reported on Sep, 17 by If the $22.88 price target is reached, the company will be worth $2.88 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.92% or $0.2 on September 15, reaching $22. About 3,909 shares traded or 185.12% up from the average. United Bancshares Inc. OH (NASDAQ:UBOH) has risen 12.37% since September 17, 2016 and is uptrending. It has underperformed by 4.33% the S&P500.

Another recent and important United Bancshares Inc. OH (NASDAQ:UBOH) news was published by which published an article titled: “Another Central Ohio bank being acquired” on March 24, 2017.

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