Is Asia Pacific Wire & Cable (APWC) a Sell? The Stock Formed Ascending Triangle Pattern

June 20, 2017 - By Winifred Garcia

The stock of Asia Pacific Wire & Cable (APWC) formed an ascending triangle with $2.71 target or 7.00 % below today’s $2.91 share price. The 8 months triangle pattern indicates high risk for the $40.22M company. If the $2.71 price target is reached, the company will be worth $2.82 million 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.

About 420 shares traded. Asia Pacific Wire & Cable (NASDAQ:APWC) has risen 58.36% since June 20, 2016 and is uptrending. It has outperformed by 41.66% the S&P500.

Analysts expect Asia Pacific Wire & Cable (NASDAQ:APWC) to report $0.00 EPS on June, 29.

More notable recent Asia Pacific Wire & Cable (NASDAQ:APWC) news were published by: which released: “Asia Pacific Wire & Cable Announces Sale of Land and Buildings at its Ningbo …” on March 31, 2017, also with their article: “Asia Pacific Wire & Cable Company Reports 2016 Financial Results” published on May 05, 2017, published: “Asia Pacific Wire & Cable Company Announces Dividend Policy” on November 11, 2016. More interesting news about Asia Pacific Wire & Cable (NASDAQ:APWC) were released by: and their article: “LONSIN Capital Incites First Dividend Policy At Asia Pacific Wire & Cable Corp …” published on January 09, 2017 as well as‘s news article titled: “Asia Pacific Wire & Cable Company Reports First Half 2015 Financial Results” with publication date: August 26, 2015.

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