Traders Are Bullish Insignia Systems, Inc. (ISIG) After The Stock Formed Bullish Double Top Pattern

September 16, 2018 - By Adrian Mccoy

Insignia Systems, Inc. (NASDAQ:ISIG) Logo

Investors sentiment increased to 1.5 in Q2 2018. Its up 0.50, from 1 in 2018Q1. It improved, 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.
The Michigan-based Sigma Planning has invested 0% in Insignia Systems, Inc. (NASDAQ:ISIG). Teton Advisors holds 168,764 shares or 0.02% of its portfolio. Blackrock accumulated 478,202 shares or 0% of the stock. Northern reported 22,294 shares stake. Geode Cap Mgmt Limited owns 35,506 shares. Susquehanna Llp reported 0% stake. Renaissance Technologies Lc, a New York-based fund reported 739,000 shares. 9,665 were reported by Panagora Asset Mgmt. Tower Research Capital Ltd Llc (Trc) has 2,102 shares. Bancorp Of America Corp De has invested 0% in Insignia Systems, Inc. (NASDAQ:ISIG). Deutsche Comml Bank Ag accumulated 83,805 shares or 0% of the stock. 12,168 were accumulated by Northwestern Mutual Wealth Mgmt. Dimensional Fund Advisors L P stated it has 39,093 shares or 0% of all its holdings. Acadian Asset Management Lc stated it has 0% in Insignia Systems, Inc. (NASDAQ:ISIG). Bankshares Of Mellon, a New York-based fund reported 22,258 shares.

Since March 14, 2018, it had 11 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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