What’s Propelling Mesabi Trust (MSB) to Increase? The Stock Formed a Double Top Chart Pattern

July 18, 2017 - By Marie Mckinney

Investors sentiment increased to 6 in Q4 2016. Its up 5.00, from 1 in 2016Q3. It improved, as 1 investors sold Mesabi Trust shares while 2 reduced holdings. 6 funds opened positions while 12 raised stakes. 3.60 million shares or 113.70% more from 1.68 million shares in 2016Q3 were reported.
D E Shaw Inc reported 0% of its portfolio in Mesabi Trust (NYSE:MSB). Freestone Capital Lc has 81,183 shares. Creative Planning has 700 shares for 0% of their portfolio. Renaissance Technology Ltd Llc owns 39,293 shares or 0% of their US portfolio. Tower Capital Ltd (Trc) owns 300 shares. Us Bancshares De owns 200 shares or 0% of their US portfolio. Moreover, Walleye Trading Limited Liability Com has 0% invested in Mesabi Trust (NYSE:MSB) for 2,100 shares. Moreover, Hodges Cap Mgmt has 0.05% invested in Mesabi Trust (NYSE:MSB). Alexandria Cap Llc invested 0% of its portfolio in Mesabi Trust (NYSE:MSB). Royal Natl Bank Of Canada accumulated 3,334 shares. Next Gp Incorporated stated it has 200 shares or 0% of all its holdings. Morgan Stanley reported 8,081 shares. Winslow Evans & Crocker invested in 152 shares or 0% of the stock. Moreover, Jpmorgan Chase has 0% invested in Mesabi Trust (NYSE:MSB). Wells Fargo Communications Mn owns 0% invested in Mesabi Trust (NYSE:MSB) for 29,536 shares.

The chart of Mesabi Trust (MSB) shows a double top with $14.47 target or 3.00 % above today’s $14.05 share price. The 6 months chart pattern indicates low risk for the $185.66 million company. It was reported on Jul, 18 by Finviz.com. If the $14.47 price target is reached, the company will be worth $5.57 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.71% or $0.1 on July 17, reaching $14.05. About shares traded. Mesabi Trust (NYSE:MSB) has risen 59.04% since July 18, 2016 and is uptrending. It has outperformed by 42.34% the S&P500.

More notable recent Mesabi Trust (NYSE:MSB) news were published by: Seekingalpha.com which released: “The Market Fails To Recognize Option Value Of Mesabi Trust’s Royalty Income” on September 09, 2016, also Streetinsider.com with their article: “Form 8-K MESABI TRUST For: Jul 13” published on July 17, 2017, Nasdaq.com published: “Mesabi Trust (MSB) Ex-Dividend Date Scheduled for April 26, 2017” on April 25, 2017. More interesting news about Mesabi Trust (NYSE:MSB) were released by: Marketwatch.com and their article: “14.05” published on October 08, 2010 as well as Seekingalpha.com‘s news article titled: “Mesabi Trust – 66% Upside To Fair Value” with publication date: April 13, 2017.

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