Some Traders Are Very Bullish on Tronox Ltd (TROX) After Forming Double Top Chart Pattern

June 19, 2017 - By Maria Brooks

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.24, from 1.23 in 2016Q3. It fall, as 19 investors sold Tronox Ltd shares while 49 reduced holdings. 26 funds opened positions while 41 raised stakes. 55.57 million shares or 0.04% more from 55.55 million shares in 2016Q3 were reported.
Fine Cap Prtn L P holds 5.06M shares. Natl Bank Of Montreal Can owns 99,197 shares or 0% of their US portfolio. Credit Suisse Ag reported 0.01% stake. Deutsche National Bank Ag holds 343,680 shares. Daiwa Secs Grp Incorporated holds 0% in Tronox Ltd (NYSE:TROX) or 6,000 shares. American Int stated it has 0% of its portfolio in Tronox Ltd (NYSE:TROX). Northwestern Mutual Wealth Mgmt stated it has 51 shares or 0% of all its holdings. Brandywine Glob Inv Mgmt Ltd Liability has 0.01% invested in Tronox Ltd (NYSE:TROX). Tiaa Cref Ltd invested in 550,699 shares. Barrow Hanley Mewhinney & Strauss Ltd Liability Corporation holds 108,237 shares. Messner & Smith Theme Value Mgmt Limited Ca reported 0.04% of its portfolio in Tronox Ltd (NYSE:TROX). Los Angeles Capital Mgmt & Equity Research holds 93,969 shares. 705,228 were reported by Schwab Charles Mngmt. Prelude Mgmt Ltd holds 19,360 shares. Blackrock Fund Advsr invested in 1.99M shares.

The chart of Tronox Ltd (TROX) shows a double top with $15.16 target or 9.00 % above today’s $13.91 share price. The 6 months chart pattern indicates low risk for the $900.22M company. It was reported on Jun, 19 by Finviz.com. If the $15.16 price target is reached, the company will be worth $81.02 million more. Double tops are rare but powerful chart patterns.

About 75,899 shares traded. Tronox Ltd (NYSE:TROX) has risen 311.09% since June 19, 2016 and is uptrending. It has outperformed by 294.39% the S&P500.

Tronox Ltd (NYSE:TROX) Ratings Coverage

Among 2 analysts covering Tronox (NYSE:TROX), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Tronox had 5 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Wednesday, April 6 by UBS. The stock of Tronox Ltd (NYSE:TROX) earned “Outperform” rating by RBC Capital Markets on Thursday, August 13. The stock has “Sell” rating by UBS on Thursday, August 4. On Thursday, August 6 the stock rating was downgraded by B. Riley & Co to “Neutral”.

More important recent Tronox Ltd (NYSE:TROX) news were published by: Seekingalpha.com which released: “Tronox (TROX) Q1 2017 Results – Earnings Call Transcript” on May 04, 2017, also Reuters.com published article titled: “BRIEF-Tronox Ltd to pay Cristal termination fee of $100 mln on termination of deal”, Fool.com published: “Why Tronox Limited Stock Spiked 35%” on February 21, 2017. More interesting news about Tronox Ltd (NYSE:TROX) was released by: Prnewswire.com and their article: “Tronox Reports The Passing Of Board Chairman And Former CEO Tom Casey” with publication date: May 26, 2017.

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