Could Cesca Therapeutics Inc. (KOOL) Change Direction After This Wedge Down Pattern

April 14, 2018 - By Adrian Erickson

Cesca Therapeutics Inc. (NASDAQ:KOOL) Logo

The stock of Cesca Therapeutics Inc. (KOOL) formed a down wedge with $1.45 target or 8.00 % below today’s $1.58 share price. The 6 months wedge indicates high risk for the $18.14 million company. If the $1.45 price target is reached, the company will be worth $1.45M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 2.60% or $0.04 during the last trading session, reaching $1.58. About 42,176 shares traded. Cesca Therapeutics Inc. (NASDAQ:KOOL) has declined 36.51% since April 14, 2017 and is downtrending. It has underperformed by 48.06% the S&P500.

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