Truett-Hurst Inc (THST) Can’t Be Less Risky. The Stock Formed a Bullish Descending Triangle Chart Pattern

July 17, 2017 - By Henry Gaston

Investors sentiment decreased to 0.4 in 2016 Q4. Its down 0.85, from 1.25 in 2016Q3. It fall, as 4 investors sold Truett-Hurst Inc shares while 1 reduced holdings. 0 funds opened positions while 2 raised stakes. 1.52 million shares or 6.67% more from 1.42 million shares in 2016Q3 were reported.
Ontario – Canada-based Manufacturers Life The has invested 0% in Truett-Hurst Inc (NASDAQ:THST). Bard Associate Incorporated invested in 0.38% or 457,844 shares. 17,098 are owned by Goldman Sachs Group. Blackrock Fund Advsr holds 0% or 708 shares in its portfolio. Massachusetts-based Panagora Asset Mngmt has invested 0% in Truett-Hurst Inc (NASDAQ:THST). North Star Mgmt Corporation reported 1.03 million shares stake.

Since March 10, 2017, it had 0 buys, and 2 insider sales for $143,431 activity. On Friday, March 10 Hurst Phillip L sold $10,364 worth of Truett-Hurst Inc (NASDAQ:THST) or 4,464 shares.

The stock of Truett-Hurst Inc (THST) formed a descending triangle with $2.17 target or 7.00 % above today’s $2.03 share price. The 5 months triangle pattern indicates low risk for the $9.07M company. If the $2.17 price target is reached, the company will be worth $634,900 more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 2.87% or $0.06 on July 17, reaching $2.03. About 7,242 shares traded. Truett-Hurst Inc (NASDAQ:THST) has risen 30.77% since July 17, 2016 and is uptrending. It has outperformed by 14.07% the S&P500.

More notable recent Truett-Hurst Inc (NASDAQ:THST) news were published by: Reuters.com which released: “BRIEF-Twinleaf Management LLC reports 8.76 pct stake in Truett-Hurst Inc” on December 07, 2016, also Seekingalpha.com with their article: “Why I Lightened Up On Truett-Hurst” published on May 20, 2015, Prnewswire.com published: “Innovative wine industry veteran Phil Hurst Announces Changes at Truett-Hurst …” on July 28, 2016. More interesting news about Truett-Hurst Inc (NASDAQ:THST) were released by: Quotes.Wsj.com and their article: “Truett-Hurst Inc. Cl A” published on June 21, 2013 as well as Prnewswire.com‘s news article titled: “Truett-Hurst, Inc. Fiscal Year Ended June 30, 2016 Earnings Release Date …” with publication date: September 14, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.