What’s United-Guardian, Inc. (UG) Downside After Forming Ascending Triangle Chart Pattern?

June 17, 2018 - By Michael Collier

Investors sentiment increased to 2 in 2018 Q1. Its up 0.90, from 1.1 in 2017Q4. It improved, as 0 investors sold United-Guardian, Inc. shares while 4 reduced holdings. 1 funds opened positions while 7 raised stakes. 1.10 million shares or 0.68% more from 1.10 million shares in 2017Q4 were reported.
Parthenon Llc invested 0.46% of its portfolio in United-Guardian, Inc. (NASDAQ:UG). Northern Tru, a Illinois-based fund reported 11,600 shares. Frontier Investment Management holds 11,000 shares or 0% of its portfolio. Deutsche Financial Bank Ag owns 0% invested in United-Guardian, Inc. (NASDAQ:UG) for 7,449 shares. Tower Research Cap Limited Liability (Trc) reported 64 shares stake. Renaissance Technologies Limited Liability Company holds 0% or 220,900 shares in its portfolio. Pnc Services Group Inc invested 0% in United-Guardian, Inc. (NASDAQ:UG). California Public Employees Retirement holds 0% or 15,750 shares. Us State Bank De accumulated 2,959 shares. Northstar Group holds 0.28% or 30,357 shares. Quantum Cap Mgmt has invested 0.15% in United-Guardian, Inc. (NASDAQ:UG). Moreover, Clearbridge Invs Limited Liability has 0% invested in United-Guardian, Inc. (NASDAQ:UG). Vanguard Grp Incorporated invested in 0% or 106,053 shares. Teton Advsr, New York-based fund reported 77,900 shares. 1,801 are owned by Wells Fargo Mn.

The stock of United-Guardian, Inc. (UG) formed an ascending triangle with $17.86 target or 6.00 % below today’s $19.00 share price. The 8 months triangle pattern indicates high risk for the $87.29 million company. If the $17.86 price target is reached, the company will be worth $5.24M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.80% or $0.15 during the last trading session, reaching $19. About 7,681 shares traded or 87.66% up from the average. United-Guardian, Inc. (NASDAQ:UG) has risen 45.00% since June 17, 2017 and is uptrending. It has outperformed by 32.43% the S&P500.

United-Guardian, Inc. researches, develops, makes, and markets cosmetic ingredients, personal care products, pharmaceuticals, medical lubricants, healthcare products, and specialty industrial products in the United States, China, Canada, and internationally. The company has market cap of $87.29 million. It offers personal care products, including LUBRAJEL line of water moisturizing and lubricating gel formulations; ORCHID COMPLEX, an oil-soluble base for skin creams, lotions, cleansers, and other cosmetics; LUBRASLIDE and B-122 powdered lubricants for use in the manufacture of cosmetics, such as pressed powders, eyeliners, and rouges; KLENSOFT, a surfactant for use in shampoos, shower gels, makeup removers, and other cosmetic formulations; and LUBRASIL, a special form of LUBRAJEL in which silicone oil is incorporated into a LUBRAJEL base. It has a 24.39 P/E ratio. The companyÂ’s medical products comprise LUBRAJEL RR and RC lubricant gels for urinary catheters; LUBRAJEL MG to lubricate urinary catheters, pre-lubricated enema tips, and other medical devices; LUBRAJEL LC for oral use; LUBRAJEL FLUID to lubricate water-soluble products; LUBRAJEL BA for oral care; and LUBRAJEL TF, a medical lubricant for medical products companies.

United-Guardian, Inc. (NASDAQ:UG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.