A.H. Belo Corporation (AHC) Formed a Wedge Up, Could Be One of The Best Performers Soon

March 21, 2018 - By Vivian Currie

Investors sentiment increased to 1 in 2017 Q3. Its up 0.24, from 0.76 in 2017Q2. It improved, as 8 investors sold A.H. Belo Corporation shares while 12 reduced holdings. 5 funds opened positions while 15 raised stakes. 12.30 million shares or 0.33% more from 12.26 million shares in 2017Q2 were reported.
State Street Corp invested in 10,806 shares. Moreover, Financial Bank Of Ny Mellon has 0% invested in A.H. Belo Corporation (NYSE:AHC) for 198,971 shares. Acadian Asset Mgmt Ltd holds 0% or 35,067 shares. Parsons Ri has invested 0.02% in A.H. Belo Corporation (NYSE:AHC). Vanguard Gru holds 747,049 shares. 5,287 are owned by Nationwide Fund Advsrs. Morgan Stanley accumulated 0% or 39,813 shares. Cambridge Rech Advsrs invested in 13,700 shares or 0% of the stock. Gabelli Funds Limited Liability Company reported 15,000 shares stake. Renaissance Techs Ltd Company invested 0% in A.H. Belo Corporation (NYSE:AHC). New York-based Teton has invested 0.02% in A.H. Belo Corporation (NYSE:AHC). Punch And Associates Invest Mngmt Inc stated it has 1.10M shares. Parthenon Limited Liability Corp has 172,562 shares. Hightower Advsrs Limited Liability Co owns 20,000 shares for 0% of their portfolio. 13,186 were accumulated by Royal National Bank Of Canada.

The stock of A.H. Belo Corporation (AHC) formed an up wedge with $5.45 target or 8.00 % above today’s $5.05 share price. The 5 months wedge indicates low risk for the $109.85 million company. If the $5.45 price target is reached, the company will be worth $8.79M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.00% or $0.05 during the last trading session, reaching $5.05. About 13,911 shares traded. A.H. Belo Corporation (NYSE:AHC) has risen 13.87% since March 21, 2017 and is uptrending. It has underperformed by 2.83% the S&P500.

A.H. Belo Corporation (NYSE:AHC) Ratings Coverage

Among 2 analysts covering A.H. Belo (NYSE:AHC), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. A.H. Belo had 3 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Gabelli on Wednesday, July 29. As per Wednesday, September 2, the company rating was downgraded by Zacks. The company was upgraded on Friday, August 14 by Zacks.

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