Does Air T, Inc. (AIRT) Have Any Gas After Forming This Bearish Ascending Triangle Pattern?

October 11, 2018 - By Clifton Ray

Investors sentiment decreased to 0.33 in 2018 Q2. Its down 0.67, from 1 in 2018Q1. It worsened, as 0 investors sold Air T, Inc. shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 555,906 shares or 0.16% more from 555,019 shares in 2018Q1 were reported.
James Research accumulated 0% or 200 shares. Morgan Stanley reported 672 shares or 0% of all its holdings. Fmr Limited Liability has 0% invested in Air T, Inc. (NASDAQ:AIRT) for 233,614 shares. California Public Employees Retirement System invested in 0% or 63,200 shares. Blackrock reported 9,692 shares or 0% of all its holdings. Vanguard Group Inc Inc accumulated 0% or 31,438 shares. Lsv Asset Mgmt stated it has 0% of its portfolio in Air T, Inc. (NASDAQ:AIRT). Moreover, Willingdon Wealth has 0% invested in Air T, Inc. (NASDAQ:AIRT). Savings Bank Of America Corp De accumulated 1 shares. Bridgeway Mgmt Inc stated it has 9,500 shares. Renaissance Techs Lc has invested 0% in Air T, Inc. (NASDAQ:AIRT). Wells Fargo Mn holds 0% in Air T, Inc. (NASDAQ:AIRT) or 45,551 shares.

Since April 11, 2018, it had 4 insider buys, and 0 selling transactions for $115,153 activity. On Friday, April 13 the insider Swenson Nicholas John bought $1,304.

The stock of Air T, Inc. (AIRT) formed an ascending triangle with $35.78 target or 9.00 % below today’s $39.32 share price. The 7 months triangle pattern indicates high risk for the $80.36M company. If the $35.78 price target is reached, the company will be worth $7.23M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 4.25% or $1.6029 during the last trading session, reaching $39.3229. About 14,062 shares traded or 139.97% up from the average. Air T, Inc. (NASDAQ:AIRT) has risen 69.23% since October 11, 2017 and is uptrending. It has outperformed by 53.61% the S&P500.

Another recent and important Air T, Inc. (NASDAQ:AIRT) news was published by Benzinga.com which published an article titled: “34 Stocks Moving In Thursday’s Mid-Day Session” on October 11, 2018.

Air T, Inc., together with its subsidiaries, provides overnight air cargo, ground equipment sale, and ground support services in the United States and internationally. The company has market cap of $80.36 million. The company??s Overnight Air Cargo segment offers air express delivery services. It has a 19.46 P/E ratio. As of March 31, 2017, this segment had 80 aircrafts under the dry-lease agreements with FedEx.

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