Is Buying Stock Like SigmaTron International, Inc. (SGMA) After This Wedge Up a Winning Strategy?

December 7, 2017 - By reb123z

Investors sentiment increased to 1.6 in Q2 2017. Its up 0.40, from 1.2 in 2017Q1. It increased, as 1 investors sold SigmaTron International, Inc. shares while 4 reduced holdings. 5 funds opened positions while 3 raised stakes. 1.25 million shares or 0.30% less from 1.26 million shares in 2017Q1 were reported.
Renaissance Technology Lc holds 169,300 shares. 2,052 are owned by Acadian Asset Mngmt Limited Liability Corp. Alexandria Cap accumulated 8,200 shares. Grt Prns Limited Liability reported 29,538 shares or 0.11% of all its holdings. Royal Commercial Bank Of Canada holds 60,100 shares. Vanguard Grp has invested 0% in SigmaTron International, Inc. (NASDAQ:SGMA). Fmr Ltd reported 288,196 shares stake. 2,000 were accumulated by Advisory Service Net Ltd Liability Corporation. Wells Fargo & Mn reported 2,200 shares. Morgan Stanley owns 4,305 shares. Commonwealth Equity Inc owns 11,897 shares or 0% of their US portfolio. Creative Planning owns 1,882 shares or 0% of their US portfolio. Dimensional Fund Advsr L P reported 0% of its portfolio in SigmaTron International, Inc. (NASDAQ:SGMA). Tower Rech Capital Limited (Trc) owns 220 shares for 0% of their portfolio. Geode Capital Mgmt Ltd Com holds 11,463 shares or 0% of its portfolio.

The stock of SigmaTron International, Inc. (SGMA) formed an up wedge with $10.32 target or 3.00 % above today’s $10.02 share price. The 8 months wedge indicates low risk for the $42.09M company. If the $10.32 price target is reached, the company will be worth $1.26M 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 increased 0.30% or $0.03 during the last trading session, reaching $10.02. About 7,875 shares traded. SigmaTron International, Inc. (NASDAQ:SGMA) has risen 5.46% since December 8, 2016 and is uptrending. It has underperformed by 11.24% the S&P500.

More notable recent SigmaTron International, Inc. (NASDAQ:SGMA) news were published by: Quotes.Wsj.com which released: “Sigmatron International Inc.” on February 12, 2011, also Globenewswire.com with their article: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” published on July 21, 2017, Globenewswire.com published: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” on July 29, 2016. More interesting news about SigmaTron International, Inc. (NASDAQ:SGMA) were released by: Globenewswire.com and their article: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” published on July 23, 2015 as well as Globenewswire.com‘s news article titled: “SigmaTron International, Inc. Reports Third Quarter Financial Results for …” with publication date: March 13, 2017.

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