Bullish Chart Formation for SigmaTron International (SGMA) After Forming Bullish Wedge Up Chart Pattern

September 17, 2017 - By Linda Rogers

Investors sentiment decreased to 0.56 in 2016 Q4. Its down 1.24, from 1.8 in 2016Q3. It turned negative, as 4 investors sold SigmaTron International shares while 5 reduced holdings. 2 funds opened positions while 3 raised stakes. 1.24 million shares or 2.89% less from 1.28 million shares in 2016Q3 were reported.
Deutsche Comml Bank Ag accumulated 1,565 shares. Vanguard Gp invested in 33,597 shares. Earnest Prtnrs Lc invested 0% in SigmaTron International (NASDAQ:SGMA). Creative Planning invested in 1,800 shares or 0% of the stock. 3,657 are owned by Panagora Asset Mngmt Incorporated. Blackrock Fund Advsrs stated it has 0% of its portfolio in SigmaTron International (NASDAQ:SGMA). Pnc Fincl Services Grp reported 6,000 shares stake. Grt Cap Prns Limited owns 26,538 shares. 104 are owned by Tower Rech Cap Limited Com (Trc). Alexandria Cap Ltd Liability Corp holds 0.01% or 8,200 shares. Royal Comml Bank Of Canada invested in 60,100 shares. Morgan Stanley holds 0% of its portfolio in SigmaTron International (NASDAQ:SGMA) for 4,305 shares. Wells Fargo Mn holds 0% of its portfolio in SigmaTron International (NASDAQ:SGMA) for 2,200 shares. 145,900 are owned by Renaissance Technology Ltd Liability. Walleye Trading Lc reported 32 shares.

The stock of SigmaTron International (SGMA) formed an up wedge with $8.27 target or 4.00 % above today’s $7.95 share price. The 7 months wedge indicates low risk for the $33.40M company. If the $8.27 price target is reached, the company will be worth $1.34 million 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 decreased 1.00% or $0.08 on September 15, reaching $7.95. About 15,066 shares traded. SigmaTron International (NASDAQ:SGMA) has risen 5.46% since September 17, 2016 and is uptrending. It has underperformed by 11.24% the S&P500.

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

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