Could ForeScout Technologies, Inc. (FSCT) Gain Strenght After Forming Bullish Wedge Up Chart Pattern?

April 24, 2018 - By Migdalia James

The stock of ForeScout Technologies, Inc. (FSCT) formed an up wedge with $35.31 target or 7.00 % above today’s $33.00 share price. The 9 months wedge indicates low risk for the $1.30 billion company. If the $35.31 price target is reached, the company will be worth $90.86M 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 decreased 2.37% or $0.8 during the last trading session, reaching $33. About 299,087 shares traded. ForeScout Technologies, Inc. (NASDAQ:FSCT) has 0.00% since April 24, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await ForeScout Technologies, Inc. (NASDAQ:FSCT) to report earnings on May, 2. After $-1.32 actual earnings per share reported by ForeScout Technologies, Inc. for the previous quarter, Wall Street now forecasts -65.91 % EPS growth.

ForeScout Technologies, Inc. (NASDAQ:FSCT) Ratings Chart

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