Could Moog Inc (MOG-A) Increase Even More? The Stock Formed Wedge Up Chart Pattern

September 17, 2017 - By Adrian Mccoy

The stock of Moog Inc (MOG-A) formed an up wedge with $82.32 target or 7.00 % above today’s $76.93 share price. The 5 months wedge indicates low risk for the $2.75B company. If the $82.32 price target is reached, the company will be worth $192.50 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 increased 0.05% or $0.04 on September 15, reaching $76.93. About 234,690 shares traded or 187.36% up from the average. Moog Inc (NYSE:MOG.A) has risen 30.08% since September 17, 2016 and is uptrending. It has outperformed by 13.38% the S&P500.

Moog Inc (NYSE:MOG.A) Ratings Coverage

Among 3 analysts covering Moog (NYSE:MOG.A), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Moog had 3 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, August 3, the company rating was maintained by RBC Capital Markets. On Tuesday, August 1 the stock rating was maintained by Credit Suisse with “Hold”. The rating was maintained by Cowen & Co on Friday, July 28 with “Hold”.

More notable recent Moog Inc (NYSE:MOG.A) news were published by: Buffalonews.com which released: “Moog sees positive signs in latest quarter” on April 28, 2017, also Crainsdetroit.com with their article: “Partners acquire Linear AMS back from Moog” published on July 31, 2017, Mlive.com published: “Livonia industrial parts supplier to lay off 40 workers” on April 25, 2017. More interesting news about Moog Inc (NYSE:MOG.A) were released by: Buffalonews.com and their article: “Moog raises earnings forecast after strong third quarter” published on July 28, 2017 as well as Globenewswire.com‘s news article titled: “Moog Reports Second Quarter Results” with publication date: April 28, 2017.

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