Could Tronox Ltd (TROX) Increase Even More? The Stock Formed Bullish Double Top

July 18, 2017 - By test

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.24, from 1.23 in 2016Q3. It worsened, 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.
Los Angeles Mngmt & Equity has 0.01% invested in Tronox Ltd (NYSE:TROX) for 93,969 shares. Private Mngmt Ltd Limited Liability Company reported 2.15 million shares. Blackrock Ltd Liability Corp has invested 0% in Tronox Ltd (NYSE:TROX). Hsbc Public Ltd Company holds 0% of its portfolio in Tronox Ltd (NYSE:TROX) for 11,109 shares. Aqr Capital Mngmt Ltd Company holds 0% in Tronox Ltd (NYSE:TROX) or 63,620 shares. Fine Partners Ltd Partnership stated it has 5.06M shares. Airain Limited holds 26,702 shares. Messner Smith Theme Value Invest Limited Ca accumulated 0.04% or 2,484 shares. Blackrock reported 0% stake. First Mercantile accumulated 20,719 shares. Morgan Stanley reported 565,625 shares. Spark Investment Mgmt Ltd owns 731,336 shares or 0.62% of their US portfolio. Aristeia Capital has invested 1.24% in Tronox Ltd (NYSE:TROX). Guggenheim Capital Limited Liability Corporation owns 86,342 shares for 0% of their portfolio. Connor Clark And Lunn Invest Management invested in 0.03% or 453,068 shares.

The chart of Tronox Ltd (TROX) shows a double top with $19.05 target or 7.00 % above today’s $17.80 share price. The 9 months chart pattern indicates low risk for the $1.19B company. It was reported on Jul, 18 by Finviz.com. If the $19.05 price target is reached, the company will be worth $83.30 million more. Double tops are rare but powerful chart patterns.

The stock increased 1.95% or $0.34 on July 17, reaching $17.8. About shares traded. Tronox Ltd (NYSE:TROX) has risen 311.09% since July 18, 2016 and is uptrending. It has outperformed by 294.39% the S&P500.

Tronox Ltd (NYSE:TROX) Ratings Coverage

Among 3 analysts covering Tronox (NYSE:TROX), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Tronox had 7 analyst reports since August 6, 2015 according to SRatingsIntel. Alembic maintained the shares of TROX in report on Monday, June 26 with “Buy” rating. Alembic maintained Tronox Ltd (NYSE:TROX) on Monday, June 5 with “Buy” rating. RBC Capital Markets maintained Tronox Ltd (NYSE:TROX) on Thursday, August 13 with “Outperform” rating. As per Wednesday, April 6, the company rating was downgraded by UBS. UBS maintained it with “Sell” rating and $3.75 target in Thursday, August 4 report. On Thursday, August 6 the stock rating was downgraded by B. Riley & Co to “Neutral”.

More news for Tronox Ltd (NYSE:TROX) were recently published by: Thestreet.com, which released: “New Tronox Chairman Faces Test at Coatings and Pigments Maker” on July 06, 2017. Prnewswire.com‘s article titled: “Tronox Board Elects Ilan Kaufthal Non-Executive Chairman” and published on June 27, 2017 is yet another important article.

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