Some Traders Are Very Bullish on Simulations Plus, Inc. (SLP) After Forming Bullish Descending Triangle Pattern

February 15, 2018 - By Vivian Park

Investors sentiment increased to 2.06 in Q3 2017. Its up 0.54, from 1.52 in 2017Q2. It improved, as 1 investors sold Simulations Plus, Inc. shares while 17 reduced holdings. 16 funds opened positions while 21 raised stakes. 5.43 million shares or 5.64% more from 5.14 million shares in 2017Q2 were reported.
Stanley stated it has 77,364 shares. Granite Investment Prns Limited Liability Co holds 0.14% or 146,519 shares in its portfolio. Bessemer Gp holds 29,700 shares. State Street Corp accumulated 154,367 shares. New York-based Tiaa Cref Management Ltd Liability Corporation has invested 0% in Simulations Plus, Inc. (NASDAQ:SLP). Oppenheimer Asset Incorporated invested in 0% or 1,809 shares. Manufacturers Life Insurance Commerce The has 3,872 shares for 0% of their portfolio. Macquarie Group Incorporated Limited holds 20,330 shares or 0% of its portfolio. The Virginia-based Redmond Asset Mgmt Ltd Limited Liability Company has invested 0.2% in Simulations Plus, Inc. (NASDAQ:SLP). Ancora Ltd Limited Liability Company accumulated 251,386 shares. Skylands Cap Ltd Liability Corporation accumulated 122,950 shares. Cove Street Ltd Com reported 80,000 shares. 3,400 are held by Prelude Mngmt Llc. Raymond James And Associate holds 20,355 shares. American Int Group has invested 0% in Simulations Plus, Inc. (NASDAQ:SLP).

Since September 27, 2017, it had 0 insider purchases, and 2 insider sales for $588,670 activity.

The stock of Simulations Plus, Inc. (SLP) formed a descending triangle with $17.17 target or 5.00 % above today’s $16.35 share price. The 6 months triangle pattern indicates low risk for the $282.74 million company. If the $17.17 price target is reached, the company will be worth $14.14 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 2.83% or $0.45 during the last trading session, reaching $16.35. About 22,966 shares traded. Simulations Plus, Inc. (NASDAQ:SLP) has risen 48.65% since February 15, 2017 and is uptrending. It has outperformed by 31.95% the S&P500.

More notable recent Simulations Plus, Inc. (NASDAQ:SLP) news were published by: Seekingalpha.com which released: “Simulations Plus’ (SLP) CEO Walt Woltosz on Q2 2017 Results – Earnings Call …” on April 11, 2017, also Seekingalpha.com with their article: “Simulations Plus’ (SLP) CEO Walt Woltosz on Q1 2018 Results – Earnings Call …” published on January 10, 2018, Nasdaq.com published: “Simulations Plus, Inc. (SLP) Ex-Dividend Date Scheduled for November 10, 2017” on November 09, 2017. More interesting news about Simulations Plus, Inc. (NASDAQ:SLP) were released by: Nasdaq.com and their article: “Simulations Plus, Inc. (SLP) Ex-Dividend Date Scheduled for January 25, 2018” published on January 24, 2018 as well as Businesswire.com‘s news article titled: “DILIsym Services Inc., a Simulations Plus Company, Releases DILIsym® Version 7A” with publication date: January 11, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.