Bearish Chart Formation for United Fire Group, Inc. (UFCS) After Forming Double Bottom Chart Pattern

February 15, 2018 - By sdfsdfsdf

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.27, from 1.14 in 2017Q2. It is negative, as 8 investors sold United Fire Group, Inc. shares while 47 reduced holdings. 15 funds opened positions while 33 raised stakes. 14.40 million shares or 0.37% less from 14.45 million shares in 2017Q2 were reported.
Wells Fargo Mn holds 0% in United Fire Group, Inc. (NASDAQ:UFCS) or 136,897 shares. Morgan Dempsey Capital Management Lc reported 8,706 shares. State Teachers Retirement owns 49,879 shares or 0.01% of their US portfolio. Aperio Gp Limited Company owns 0% invested in United Fire Group, Inc. (NASDAQ:UFCS) for 11,996 shares. The Massachusetts-based State Street has invested 0% in United Fire Group, Inc. (NASDAQ:UFCS). Parametric Portfolio Ltd Llc holds 0% in United Fire Group, Inc. (NASDAQ:UFCS) or 61,105 shares. Metropolitan Life Insur Ny invested in 14,222 shares. Teachers Retirement Of The State Of Kentucky accumulated 0% or 8,600 shares. Ameritas Partners has invested 0% in United Fire Group, Inc. (NASDAQ:UFCS). Envestnet Asset, Illinois-based fund reported 129 shares. Bessemer Gru stated it has 37,100 shares or 0.01% of all its holdings. State Common Retirement Fund reported 350,025 shares. Brandywine Glob Inv Mngmt Limited Liability Corp owns 76,307 shares for 0.02% of their portfolio. Thrivent For Lutherans owns 41,886 shares. Guggenheim Capital Lc reported 0% stake.

The chart of United Fire Group, Inc. (UFCS) shows a double bottom with $42.05 target or 5.00 % below today’s $44.26 share price. The 8 months chart pattern indicates high risk for the $1.10B company. It was reported on Feb, 15 by Finviz.com. If the $42.05 price target is reached, the company will be worth $55.05 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 6.95% or $2.88 during the last trading session, reaching $44.26. About 141,959 shares traded or 132.57% up from the average. United Fire Group, Inc. (NASDAQ:UFCS) has risen 4.42% since February 15, 2017 and is uptrending. It has underperformed by 12.28% the S&P500.

More important recent United Fire Group, Inc. (NASDAQ:UFCS) news were published by: Globenewswire.com which released: “United Fire Group, Inc. Reports Third Quarter 2017 Results” on November 08, 2017, also Globenewswire.com published article titled: “United Fire Group, Inc. Reaches Definitive Agreement to Sell its Subsidiary …”, Globenewswire.com published: “United Fire Group, Inc. Reports Fourth Quarter and Year End 2017 Results” on February 14, 2018. More interesting news about United Fire Group, Inc. (NASDAQ:UFCS) was released by: Marketwatch.com and their article: “United Fire Group Inc.” with publication date: September 29, 2017.

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