It Seems Astrotech Corp (ASTC) Will Go Down. Formed A Few Months Bearish Wedge Down Pattern

July 17, 2017 - By Ellis Scott

Investors sentiment increased to 2.5 in 2016 Q4. Its up 0.50, from 2 in 2016Q3. It increased, as 2 investors sold Astrotech Corp shares while 2 reduced holdings. 5 funds opened positions while 5 raised stakes. 2.83 million shares or 0.13% more from 2.83 million shares in 2016Q3 were reported.
Citadel Advisors Limited Liability Corporation holds 0% of its portfolio in Astrotech Corp (NASDAQ:ASTC) for 12,012 shares. Deutsche Bankshares Ag stated it has 0% in Astrotech Corp (NASDAQ:ASTC). Boothbay Fund Limited Liability Corp stated it has 71,725 shares. Blackrock Fund Advisors reported 0% of its portfolio in Astrotech Corp (NASDAQ:ASTC). Susquehanna International Group Ltd Liability Partnership has invested 0% of its portfolio in Astrotech Corp (NASDAQ:ASTC). Creative Planning invested in 1,000 shares. 28,897 are held by Price T Rowe Assocs Md. Renaissance Tech Ltd Llc has invested 0% in Astrotech Corp (NASDAQ:ASTC). 2,874 are held by Blackrock Inv Mngmt Ltd Com. Kcg Holdings owns 11,977 shares. Northern reported 0% stake. Beck Ltd Liability owns 1.61% invested in Astrotech Corp (NASDAQ:ASTC) for 1.91 million shares. Manufacturers Life Insur Co The reported 0% of its portfolio in Astrotech Corp (NASDAQ:ASTC). Messner Smith Theme Value Invest Ltd Ca owns 22,800 shares. Vanguard owns 530,180 shares or 0% of their US portfolio.

The stock of Astrotech Corp (ASTC) formed a down wedge with $0.85 target or 9.00 % below today’s $0.94 share price. The 6 months wedge indicates high risk for the $19.67 million company. If the $0.85 price target is reached, the company will be worth $1.77M 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 50,446 shares traded or 3.43% up from the average. Astrotech Corp (NASDAQ:ASTC) has declined 33.73% since July 17, 2016 and is downtrending. It has underperformed by 50.43% the S&P500.

More recent Astrotech Corp (NASDAQ:ASTC) news were published by: Seekingalpha.com which released: “Astrotech – A Hedge Against Terror, 50% To 80% Undervalued” on March 23, 2016. Also Washingtonpost.com published the news titled: “Lockheed Martin to acquire satellite firm Astrotech Space Operations for $61 …” on May 29, 2014. Seekingalpha.com‘s news article titled: “Astrotech Is Still Significantly Undervalued Despite Recent Move” with publication date: October 17, 2013 was also an interesting one.

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