What’s in Tronox Ltd (TROX) After Forming Bullish Double Top Chart Pattern?

July 18, 2017 - By Linda Rogers

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.24, from 1.23 in 2016Q3. It fall, 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.
Virginia-based Thompson Davis And Company has invested 0.17% in Tronox Ltd (NYSE:TROX). Trexquant Investment Limited Partnership owns 18,600 shares for 0.03% of their portfolio. Los Angeles Capital & Equity owns 93,969 shares. Adage Prtnrs Grp Inc Ltd Liability owns 702,564 shares. Airain reported 26,702 shares stake. Savings Bank Of America De has invested 0% in Tronox Ltd (NYSE:TROX). Voya Inv Ltd Liability holds 0% or 27,034 shares in its portfolio. Rhumbline Advisers, Massachusetts-based fund reported 76,934 shares. Hsbc Plc reported 0% in Tronox Ltd (NYSE:TROX). Blackrock Inc owns 17,100 shares for 0% of their portfolio. Victory Mgmt invested 0.08% of its portfolio in Tronox Ltd (NYSE:TROX). Blackrock Gp Ltd invested 0% of its portfolio in Tronox Ltd (NYSE:TROX). Daiwa Secs Inc reported 0% in Tronox Ltd (NYSE:TROX). Legal & General Plc reported 15,817 shares. Lapides Asset Ltd Liability Corporation holds 1.28% of its portfolio in Tronox Ltd (NYSE:TROX) for 691,400 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. B. Riley & Co downgraded the stock to “Neutral” rating in Thursday, August 6 report. As per Thursday, August 13, the company rating was maintained by RBC Capital Markets. The stock of Tronox Ltd (NYSE:TROX) has “Buy” rating given on Monday, June 26 by Alembic. The stock has “Sell” rating by UBS on Wednesday, April 6. The stock of Tronox Ltd (NYSE:TROX) has “Buy” rating given on Monday, June 5 by Alembic. The firm earned “Sell” rating on Thursday, August 4 by UBS.

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

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