After Reaching All-Time High, Is Chase Corporation’s Near-Term Analysis Positive?

The stock of Chase Corporation (NYSEMKT:CCF) reached all time high today, Feb, 4 and still has $111.89 target or 122.00% above today’s $50.40 share price. This indicates more upside for the $449.16M company. This technical setup was reported by If the $111.89 PT is reached, the company will be worth $547.98M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 3.58% or $1.74 on February 3, hitting $50.4. Chase Corporation (NYSEMKT:CCF) has risen 26.79% since June 30, 2015 and is uptrending. It has outperformed by 34.31% the S&P500.

Analysts await Chase Corporation (NYSEMKT:CCF) to reports earnings on April, 5.

According to Zacks Investment Research, “CHASE CORP. manufactures insulating and semi-conducting electrical cable tape wrappings, cable filling compounds, anti-corrosion mastics, reinforced rubber and asphalt tapes and bridge deck corrosion barrier membranes. Co.’s principal products are protective coatings and tape products that are sold in national and international markets.”

The institutional sentiment decreased to 0.62 in Q3 2015. Its down 1.43, from 2.05 in 2015Q2. The ratio fall, as 5 funds sold all Chase Corporation shares owned while 29 reduced positions. 1 funds bought stakes while 20 increased positions. They now own 9.56 million shares or 89.32% more from 5.05 million shares in 2015Q2.

Minerva Advisors Llc holds 11.53% of its portfolio in Chase Corporation for 412,096 shares. Wilen Investment Management Corp. owns 244,777 shares or 6.64% of their US portfolio. Moreover, Fca Corp Tx has 1.87% invested in the company for 81,639 shares. The Texas-based Centaur Capital Partners L.P. has invested 0.9% in the stock. Palo Capital Inc., a California-based fund reported 16,770 shares.

Since April 15, 2015, the stock had 0 buys, and 6 insider sales for $139,852 net activity. Chase Peter R sold 750 shares worth $31,483. Gack Lewis P sold 200 shares worth $7,866. Chadwick Everett Jr bought 2,000 shares worth $75,700.

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