Is Celsion Corporation (CLSN) a Sell? The Stock Formed Bearish Wedge Down

July 17, 2017 - By Nellie Frank

Investors sentiment increased to 1.22 in Q4 2016. Its up 0.40, from 0.82 in 2016Q3. It improved, as 9 investors sold Celsion Corporation shares while 0 reduced holdings. 3 funds opened positions while 8 raised stakes. 4.88 million shares or 46.85% more from 3.32 million shares in 2016Q3 were reported.
Sabby Mngmt Ltd Liability Co reported 1.33 million shares or 0.02% of all its holdings. First Manhattan stated it has 4 shares. Deutsche Natl Bank Ag accumulated 124,263 shares. Blackrock owns 2,305 shares for 0% of their portfolio. Renaissance Technologies Ltd Limited Liability Company holds 684,798 shares. Bancorporation Of America Corp De holds 0% or 3,244 shares. Wells Fargo Commerce Mn has invested 0% in Celsion Corporation (NASDAQ:CLSN). Vanguard Group Inc reported 575,889 shares stake. California Public Employees Retirement has 0% invested in Celsion Corporation (NASDAQ:CLSN) for 67,122 shares. Geode Capital Mngmt Limited Liability holds 81,576 shares or 0% of its portfolio. Riggs Asset Managment Incorporated invested 0% of its portfolio in Celsion Corporation (NASDAQ:CLSN). Moreover, Fincl Bank Of Mellon Corporation has 0% invested in Celsion Corporation (NASDAQ:CLSN) for 25,169 shares. Manufacturers Life Insurance The reported 421 shares. Citadel Ltd accumulated 67,522 shares or 0% of the stock. Blackrock Institutional Tru Na holds 0% of its portfolio in Celsion Corporation (NASDAQ:CLSN) for 982,475 shares.

The stock of Celsion Corporation (CLSN) formed a down wedge with $1.75 target or 5.00 % below today’s $1.84 share price. The 8 months wedge indicates high risk for the $7.33 million company. If the $1.75 price target is reached, the company will be worth $366,500 less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 95,802 shares traded. Celsion Corporation (NASDAQ:CLSN) has declined 82.71% since July 17, 2016 and is downtrending. It has underperformed by 99.41% the S&P500.

More notable recent Celsion Corporation (NASDAQ:CLSN) news were published by: Seekingalpha.com which released: “Celsion completes OVATION study and provides update on advanced stage III and …” on July 05, 2017, also Seekingalpha.com with their article: “Celsion Carves Itself A New Path” published on July 10, 2017, Globenewswire.com published: “Celsion Corporation Announces Cancellation of Registered Direct Offering” on June 22, 2017. More interesting news about Celsion Corporation (NASDAQ:CLSN) were released by: Reuters.com and their article: “BRIEF-Celsion Corp agreed to sell about 2.435 million shares of common stock” published on July 06, 2017 as well as Globenewswire.com‘s news article titled: “Celsion Corporation Announces $5.4 Million Registered Direct Offering” with publication date: June 19, 2017.

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