SigmaTron International (SGMA)’s Trend Up, Especially After Forming a Wedge Up Chart Pattern

September 17, 2017 - By Henry Gaston

Investors sentiment decreased to 0.56 in Q4 2016. Its down 1.24, from 1.8 in 2016Q3. It fall, as 4 investors sold SigmaTron International shares while 5 reduced holdings. 2 funds opened positions while 3 raised stakes. 1.24 million shares or 2.89% less from 1.28 million shares in 2016Q3 were reported.
Tower Research Cap Ltd Liability Co (Trc) invested in 104 shares. Pnc Svcs Grp Inc Inc invested in 6,000 shares or 0% of the stock. Geode Ltd Liability Co owns 11,463 shares or 0% of their US portfolio. Dimensional Fund Advisors Limited Partnership holds 47,706 shares. Blackrock Institutional Company Na has invested 0% in SigmaTron International (NASDAQ:SGMA). Panagora Asset Mgmt Incorporated holds 0% of its portfolio in SigmaTron International (NASDAQ:SGMA) for 3,657 shares. Deutsche Bankshares Ag holds 0% or 1,565 shares. Vanguard Gp invested 0% in SigmaTron International (NASDAQ:SGMA). 1,900 are held by Earnest Partners Limited Liability Corporation. Renaissance Technology Limited Co has invested 0% in SigmaTron International (NASDAQ:SGMA). Grt Cap Prns Ltd Liability Co has invested 0.04% in SigmaTron International (NASDAQ:SGMA). Creative Planning holds 1,800 shares. Blackrock Fund holds 1,617 shares. Alexandria Limited holds 0.01% or 8,200 shares in its portfolio. Royal National Bank Of Canada invested in 0% or 60,100 shares.

The stock of SigmaTron International (SGMA) formed an up wedge with $8.27 target or 4.00 % above today’s $7.95 share price. The 7 months wedge indicates low risk for the $33.40M company. If the $8.27 price target is reached, the company will be worth $1.34 million 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 1.00% or $0.08 on September 15, reaching $7.95. About 15,066 shares traded. SigmaTron International (NASDAQ:SGMA) has risen 5.46% since September 17, 2016 and is uptrending. It has underperformed by 11.24% the S&P500.

More notable recent SigmaTron International (NASDAQ:SGMA) news were published by: Globenewswire.com which released: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” on July 23, 2015, also Globenewswire.com with their article: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” published on July 29, 2016, Globenewswire.com published: “SigmaTron International, Inc. Reports First Quarter Financial Results for …” on September 12, 2017. More interesting news about SigmaTron International (NASDAQ:SGMA) were released by: Globenewswire.com and their article: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” published on July 21, 2017 as well as Quotes.Wsj.com‘s news article titled: “Sigmatron International Inc.” with publication date: February 12, 2011.

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