What Will Happen to Akoustis Technologies Inc (AKTS) Next? The Stock Formed a Several Months Bearish Wedge Down

July 17, 2017 - By Marguerite Chambers

The stock of Akoustis Technologies Inc (AKTS) formed a down wedge with $6.57 target or 6.00 % below today’s $6.99 share price. The 8 months wedge indicates high risk for the $138.44M company. If the $6.57 price target is reached, the company will be worth $8.31M 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 71,753 shares traded. Akoustis Technologies Inc (NASDAQ:AKTS) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Akoustis Technologies Inc (NASDAQ:AKTS) news were published by: Globenewswire.com which released: “RFMW Ltd., and Akoustis Technologies, Inc. Announce Distribution Agreement” on August 01, 2016, also Globenewswire.com with their article: “Akoustis Technologies to Present at IMS 2017 in Honolulu, Hawaii” published on June 01, 2017, Globenewswire.com published: “Akoustis Technologies’ CEO Jeff Shealy to Attend the Oppenheimer Emerging …” on May 09, 2017. More interesting news about Akoustis Technologies Inc (NASDAQ:AKTS) were released by: Seekingalpha.com and their article: “Akoustis: A StartUp Disrupting The BAW RF Filter Duopoly” published on March 05, 2016 as well as Globenewswire.com‘s news article titled: “Akoustis Technologies to Ring the Nasdaq Market Closing Bell on March 22nd” with publication date: March 21, 2017.

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