What Will Happen to AMERCO (UHAL) Next? The Stock Formed a Several Months Bullish Double Top Pattern

June 19, 2017 - By Maria Brooks

Investors sentiment increased to 0.99 in 2016 Q4. Its up 0.27, from 0.72 in 2016Q3. It improved, as 17 investors sold AMERCO shares while 73 reduced holdings. 35 funds opened positions while 54 raised stakes. 5.27 million shares or 1.07% less from 5.33 million shares in 2016Q3 were reported.
Howard Hughes Institute holds 0.11% of its portfolio in AMERCO (NASDAQ:UHAL) for 1,361 shares. Caisse De Depot Et Placement Du Quebec holds 11,876 shares or 0.01% of its portfolio. Morgan Stanley invested in 0% or 39,321 shares. D E Shaw holds 1,141 shares or 0% of its portfolio. 36 are owned by Fuller & Thaler Asset Mgmt. 29,831 are owned by Blackrock Gp Limited. Apg Asset Nv reported 3,318 shares. Kj Harrison And Partners has invested 0.74% in AMERCO (NASDAQ:UHAL). Ubs Asset Americas Inc owns 0% invested in AMERCO (NASDAQ:UHAL) for 11,087 shares. Sei Invs reported 204 shares or 0% of all its holdings. Leisure Capital Mgmt has 0.62% invested in AMERCO (NASDAQ:UHAL) for 1,868 shares. The New York-based Cornerstone Cap Mgmt Hldg Limited Liability has invested 0.02% in AMERCO (NASDAQ:UHAL). Nordea Invest holds 0.03% or 34,972 shares in its portfolio. Aperio Grp Ltd Company invested in 1,368 shares or 0% of the stock. Blackrock Advsr Ltd Limited Liability Company invested in 12,153 shares or 0% of the stock.

Since February 16, 2017, it had 4 buys, and 0 sales for $2.16 million activity. The insider SHOEN EDWARD J bought $705,735. Another trade for 100 shares valued at $38,475 was made by GROGAN JAMES J on Thursday, February 16. Holmes David L had bought 2,000 shares worth $705,735 on Tuesday, May 30.

The chart of AMERCO (UHAL) shows a double top with $365.85 target or 4.00 % above today’s $351.78 share price. The 7 months chart pattern indicates low risk for the $6.97 billion company. It was reported on Jun, 19 by Finviz.com. If the $365.85 price target is reached, the company will be worth $278.80M more. Double tops are rare but powerful chart patterns.

About 15,030 shares traded. AMERCO (NASDAQ:UHAL) has risen 4.93% since June 19, 2016 and is uptrending. It has underperformed by 11.77% the S&P500.

More news for AMERCO (NASDAQ:UHAL) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: AMERCO, 71.4% Follow-Through Indicator, 2.8% Sensitive” on May 24, 2017. Seekingalpha.com‘s article titled: “Amerco’s (UHAL) on Q4 2017 Results – Earnings Call Transcript” and published on May 25, 2017 is yet another important article.

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