Is Major Move Coming For SigmaTron International, Inc. (SGMA) After This Bullish Wedge Up Pattern?

December 7, 2017 - By Vivian Park

Investors sentiment increased to 1.6 in Q2 2017. Its up 0.40, from 1.2 in 2017Q1. It is positive, as 1 investors sold SigmaTron International, Inc. shares while 4 reduced holdings. 5 funds opened positions while 3 raised stakes. 1.25 million shares or 0.30% less from 1.26 million shares in 2017Q1 were reported.
Acadian Asset Mgmt Ltd Company reported 0% stake. Renaissance Tech Lc holds 0% or 169,300 shares. Dimensional Fund Advsrs Lp accumulated 0% or 47,706 shares. Blackrock Inc reported 0% stake. Grt Cap Ptnrs Limited Liability Corporation invested 0.11% in SigmaTron International, Inc. (NASDAQ:SGMA). Alexandria Capital Ltd Limited Liability Company owns 8,200 shares or 0.01% of their US portfolio. Creative Planning holds 0% or 1,882 shares in its portfolio. 60,100 are held by Royal Bankshares Of Canada. Geode Limited Liability Company, Massachusetts-based fund reported 11,463 shares. Moreover, Wells Fargo And Co Mn has 0% invested in SigmaTron International, Inc. (NASDAQ:SGMA) for 2,200 shares. Morgan Stanley invested in 0% or 4,305 shares. Commonwealth Equity Services reported 11,897 shares. 20,167 are held by Vanguard. Tower Rech Capital Ltd Limited Liability Company (Trc) stated it has 220 shares. Advisory Services Ntwk Limited Liability accumulated 2,000 shares.

The stock of SigmaTron International, Inc. (SGMA) formed an up wedge with $10.32 target or 3.00 % above today’s $10.02 share price. The 8 months wedge indicates low risk for the $42.09M company. If the $10.32 price target is reached, the company will be worth $1.26M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.30% or $0.03 during the last trading session, reaching $10.02. About 7,875 shares traded. SigmaTron International, Inc. (NASDAQ:SGMA) has risen 5.46% since December 8, 2016 and is uptrending. It has underperformed by 11.24% the S&P500.

More notable recent SigmaTron International, Inc. (NASDAQ:SGMA) news were published by: Globenewswire.com which released: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” on July 29, 2016, also Globenewswire.com with their article: “SigmaTron International, Inc. Reports Third Quarter Financial Results for …” published on March 13, 2017, Globenewswire.com published: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” on July 21, 2017. More interesting news about SigmaTron International, Inc. (NASDAQ:SGMA) were released by: Globenewswire.com and their article: “SigmaTron International, Inc. Reports First Quarter Financial Results for …” published on September 12, 2017 as well as Quotes.Wsj.com‘s news article titled: “Sigmatron International Inc.” with publication date: February 12, 2011.

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