Could Insignia Systems, Inc. (ISIG) Increase Even More? The Stock Formed Double Top Pattern

September 16, 2018 - By Kristen Paramore

Insignia Systems, Inc. (NASDAQ:ISIG) Logo

Investors sentiment increased to 1.5 in 2018 Q2. Its up 0.50, from 1 in 2018Q1. It is positive, as 3 investors sold Insignia Systems, Inc. shares while 3 reduced holdings. 5 funds opened positions while 4 raised stakes. 1.99 million shares or 10.75% less from 2.23 million shares in 2018Q1 were reported.
Geode Ltd Liability Co has invested 0% in Insignia Systems, Inc. (NASDAQ:ISIG). 14,156 are owned by Acadian Asset Mgmt Ltd Liability. Sigma Planning holds 0% in Insignia Systems, Inc. (NASDAQ:ISIG) or 40,300 shares. Panagora Asset Management Inc owns 9,665 shares or 0% of their US portfolio. Bank Of America De has invested 0% of its portfolio in Insignia Systems, Inc. (NASDAQ:ISIG). Renaissance Ltd Liability Co holds 0% of its portfolio in Insignia Systems, Inc. (NASDAQ:ISIG) for 739,000 shares. State Bank Of New York Mellon Corp owns 22,258 shares. Dimensional Fund Advisors L P reported 0% in Insignia Systems, Inc. (NASDAQ:ISIG). Vanguard Group Incorporated Inc accumulated 238,477 shares or 0% of the stock. Northern holds 22,294 shares or 0% of its portfolio. Northwestern Mutual Wealth Mngmt invested 0% in Insignia Systems, Inc. (NASDAQ:ISIG). 83,805 were accumulated by Deutsche Bank & Trust Ag. Tower Rech Capital Limited Liability Company (Trc) invested in 2,102 shares or 0% of the stock. Teton Incorporated holds 0.02% or 168,764 shares in its portfolio. Susquehanna Group Limited Liability Partnership reported 17,581 shares.

Since March 14, 2018, it had 11 insider buys, and 1 sale for $225,663 activity.

The chart of Insignia Systems, Inc. (ISIG) shows a double top with $2.05 target or 7.00 % above today’s $1.92 share price. The 6 months chart pattern indicates low risk for the $22.72 million company. It was reported on Sep, 16 by If the $2.05 price target is reached, the company will be worth $1.59M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.52% or $0.01 during the last trading session, reaching $1.92. About 7,063 shares traded. Insignia Systems, Inc. (NASDAQ:ISIG) has risen 88.07% since September 16, 2017 and is uptrending. It has outperformed by 72.45% the S&P500.

Insignia Systems, Inc. develops and markets in-store advertising products, programs, and services to retailers and consumer packaged goods manufacturers in the United States and internationally. The company has market cap of $22.72 million. The company's primary product is the Point-Of-Purchase Services in-store marketing program that allows manufacturers to deliver product information to clients at the point-of-purchase, and to leverage the local retailer brand and store-specific prices. It has a 16.27 P/E ratio. The Company’s products also include POPSign program, a point-of-purchase advertising and promotion program that delivers information from manufacturers, such as product uses and features, nutritional information, advertising taglines, product images, or usage photos; and freshADS, an advertising vehicle.

Insignia Systems, Inc. (NASDAQ:ISIG) Institutional Positions Chart

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