NACCO Industries, Inc. (NC) Could Burn Your Portfolio. The Stock Formed Bearish Wedge Down

July 13, 2018 - By Michele Cranor

NACCO Industries, Inc. (NYSE:NC) Logo

Investors sentiment increased to 1.28 in 2018 Q1. Its up 0.42, from 0.86 in 2017Q4. It improved, as 9 investors sold NACCO Industries, Inc. shares while 20 reduced holdings. 14 funds opened positions while 23 raised stakes. 3.32 million shares or 2.79% less from 3.41 million shares in 2017Q4 were reported.
340,236 are owned by Fmr Ltd Company. Pnc Financial Svcs Gp owns 512,782 shares or 0.02% of their US portfolio. California Employees Retirement System reported 10,158 shares. Deutsche Fincl Bank Ag holds 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC) for 5,463 shares. Legal & General Group Inc Plc reported 755 shares. Vanguard Gru reported 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC). Acadian Asset Management Llc has 0.01% invested in NACCO Industries, Inc. (NYSE:NC). Lsv Asset Mngmt invested in 0% or 11,896 shares. 134,334 were accumulated by State Street Corporation. Fifth Third National Bank & Trust owns 500 shares for 0% of their portfolio. Schwab Charles Inv Mgmt invested 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC). 76 were accumulated by Bancorporation Of Montreal Can. Manufacturers Life The holds 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC) for 3,442 shares. Arrowstreet Capital Partnership reported 0% stake. Great West Life Assurance Can owns 0% invested in NACCO Industries, Inc. (NYSE:NC) for 83 shares.

The stock of NACCO Industries, Inc. (NC) formed a down wedge with $30.71 target or 9.00 % below today’s $33.75 share price. The 6 months wedge indicates high risk for the $234.14M company. If the $30.71 price target is reached, the company will be worth $21.07M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.20% or $0.4 during the last trading session, reaching $33.75. About 590 shares traded. NACCO Industries, Inc. (NYSE:NC) has risen 148.72% since July 13, 2017 and is uptrending. It has outperformed by 136.15% the S&P500.

Another recent and important NACCO Industries, Inc. (NYSE:NC) news was published by Investorplace.com which published an article titled: “5 Spinoff Stocks That Outperform Their Parents” on July 09, 2018.

NACCO Industries, Inc. operates primarily in the mining industry. The company has market cap of $234.14 million. The firm mines coal in North Dakota, Texas, Mississippi, Louisiana, and on the Navajo Nation in New Mexico for power generation. It has a 6.94 P/E ratio. It provides value-added services, including maintaining and operating draglines for independently owned lime rock quarries; coal handling, processing, and drying services; and surface and mineral acquisition, and lease maintenance services.

NACCO Industries, Inc. (NYSE:NC) Institutional Positions Chart

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