Is Major Move Coming For ICU Medical, Inc. (ICUI) After This Double Top Pattern?

April 24, 2018 - By Louis Casey

ICU Medical, Inc. (NASDAQ:ICUI) Logo

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.33, from 0.86 in 2017Q3. It increased, as 11 investors sold ICU Medical, Inc. shares while 75 reduced holdings. 36 funds opened positions while 66 raised stakes. 15.21 million shares or 2.37% less from 15.58 million shares in 2017Q3 were reported.
Teton Advisors Incorporated reported 0.15% stake. Qs Ltd Com holds 0.06% or 28,754 shares in its portfolio. Citadel Advisors owns 0.01% invested in ICU Medical, Inc. (NASDAQ:ICUI) for 49,594 shares. Kennedy Capital stated it has 135,837 shares. California Pub Employees Retirement System accumulated 0.01% or 28,079 shares. Fmr Limited Com holds 0% or 111,058 shares. Scout Invs Inc, Missouri-based fund reported 39,970 shares. Neuberger Berman Gp Limited Liability Company invested in 2,022 shares. Polar Cap Llp accumulated 125,006 shares. Parkside State Bank And Tru has invested 0% in ICU Medical, Inc. (NASDAQ:ICUI). Profund Advisors Lc invested in 1,804 shares or 0.02% of the stock. United Services Automobile Association, a Texas-based fund reported 20,867 shares. 55,423 were reported by Redwood Investments Ltd. Whittier reported 120 shares or 0% of all its holdings. Reliance Trust Of Delaware reported 1,531 shares.

Since January 4, 2018, it had 0 buys, and 6 selling transactions for $22.01 million activity. 26,475 shares valued at $6.53M were sold by LOPEZ GEORGE A on Monday, April 2. Another trade for 23,624 shares valued at $5.20 million was sold by Lamb Scott E.

The chart of ICU Medical, Inc. (ICUI) shows a double top with $268.60 target or 6.00 % above today’s $253.40 share price. The 9 months chart pattern indicates low risk for the $5.14 billion company. It was reported on Apr, 24 by Finviz.com. If the $268.60 price target is reached, the company will be worth $308.46M more. Double tops are rare but powerful chart patterns.

The stock increased 0.86% or $2.15 during the last trading session, reaching $253.4. About 78,276 shares traded. ICU Medical, Inc. (NASDAQ:ICUI) has risen 61.26% since April 24, 2017 and is uptrending. It has outperformed by 49.71% the S&P500.

Analysts await ICU Medical, Inc. (NASDAQ:ICUI) to report earnings on May, 9 after the close. They expect $1.62 EPS, up 9.46 % or $0.14 from last year’s $1.48 per share. ICUI’s profit will be $32.87 million for 39.10 P/E if the $1.62 EPS becomes a reality. After $2.70 actual EPS reported by ICU Medical, Inc. for the previous quarter, Wall Street now forecasts -40.00 % negative EPS growth.

ICU Medical, Inc. (NASDAQ:ICUI) Institutional Positions Chart

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