Time to Sell Radiant Logistics Inc (RLGT) After The Completion of This Bearish Head & Shoulders Chart Pattern?

September 17, 2017 - By Richard Conner

Investors sentiment increased to 2.05 in 2016 Q4. Its up 0.76, from 1.29 in 2016Q3. It improved, as 6 investors sold Radiant Logistics Inc shares while 13 reduced holdings. 16 funds opened positions while 23 raised stakes. 15.43 million shares or 1.67% more from 15.18 million shares in 2016Q3 were reported.
Deutsche Financial Bank Ag holds 0% or 23,355 shares in its portfolio. Penn Management Company, Pennsylvania-based fund reported 1.58 million shares. Blackrock Invest Mgmt Limited Liability Corporation holds 139,344 shares. California Public Employees Retirement invested 0% in Radiant Logistics Inc (NYSEMKT:RLGT). Royal State Bank Of Canada stated it has 517,376 shares. Nantahala Capital Mngmt Ltd Limited Liability Company invested 0.63% of its portfolio in Radiant Logistics Inc (NYSEMKT:RLGT). Parametric Limited Liability Com invested 0% of its portfolio in Radiant Logistics Inc (NYSEMKT:RLGT). Next Gru has invested 0% in Radiant Logistics Inc (NYSEMKT:RLGT). Renaissance Techs Limited Liability Co owns 40,900 shares or 0% of their US portfolio. Moreover, Walleye Trading Limited Com has 0% invested in Radiant Logistics Inc (NYSEMKT:RLGT). Manufacturers Life Ins The stated it has 0% of its portfolio in Radiant Logistics Inc (NYSEMKT:RLGT). Blackrock stated it has 0% in Radiant Logistics Inc (NYSEMKT:RLGT). Wells Fargo Co Mn owns 21,282 shares. American International Group Inc has 21,712 shares for 0% of their portfolio. Blackrock Llc holds 0% in Radiant Logistics Inc (NYSEMKT:RLGT) or 23,789 shares.

The stock of Radiant Logistics Inc (RLGT) formed H&S with $4.75 target or 6.00 % below today’s $5.05 share price. The 8 months Head & Shoulders indicates high risk for the $247.88M company. It was reported on Sep, 17 by Faxor.com. If the $4.75 price target is reached, the company will be worth $14.87 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

It closed at $5.05 lastly. It is up 92.36% since September 17, 2016 and is uptrending. It has outperformed by 75.66% the S&P500.

Investors wait Radiant Logistics Inc (NYSEMKT:RLGT) to report on November, 8. its quarterly earnings Wall Street analysts expect $0.05 EPS, up $0.02 or 66.67 % from last year’s $0.03 same quarter earnings. This translates into $2.45 million profit for RLGT giving the stock a 25.25 P/E. This is assuming the current $0.05 EPS is accurate. Radiant Logistics Inc’s Wall Street analysts see -28.57 % negative EPS growth, taking into account the $0.07 EPS reproted in the previous quarter,

More notable recent Radiant Logistics Inc (NYSEMKT:RLGT) news were published by: Seekingalpha.com which released: “Radiant Logistics completed the acquistion of Canada-based Lomas Logistics” on April 03, 2017, also Prnewswire.com with their article: “Radiant Logistics To Host Investor Call To Discuss Financial Results For …” published on September 06, 2017, Seekingalpha.com published: “A Critical Forensic Look At Radiant Logistics Strategy, Management, And …” on June 08, 2017. More interesting news about Radiant Logistics Inc (NYSEMKT:RLGT) were released by: Seekingalpha.com and their article: “Radiant Logistics Applying A Familiar Model To A Fragmented, Growing Sector” published on March 21, 2017 as well as Zacks.com‘s news article titled: “Why Radiant Logistics (RLGT) Could Be a Potential Winner June 06, 2017” with publication date: June 06, 2017.

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