Could SigmaTron International, Inc. (SGMA) Recover After Forming a Bullish Wedge Up?

December 7, 2017 - By Nellie Frank

Investors sentiment increased to 1.6 in Q2 2017. Its up 0.40, from 1.2 in 2017Q1. It increased, as 1 investors sold SigmaTron International, Inc. shares while 4 reduced holdings. 5 funds opened positions while 3 raised stakes. 1.25 million shares or 0.30% less from 1.26 million shares in 2017Q1 were reported.
Fmr Ltd reported 288,196 shares. Renaissance Techs Lc has 0% invested in SigmaTron International, Inc. (NASDAQ:SGMA) for 169,300 shares. 11,463 were accumulated by Geode Mngmt Ltd Limited Liability Company. Acadian Asset Management Ltd Com has 0% invested in SigmaTron International, Inc. (NASDAQ:SGMA) for 2,052 shares. Commonwealth Equity Svcs invested 0% in SigmaTron International, Inc. (NASDAQ:SGMA). Royal Bankshares Of Canada reported 0% stake. Wells Fargo And Mn reported 0% of its portfolio in SigmaTron International, Inc. (NASDAQ:SGMA). Dimensional Fund L P stated it has 47,706 shares. Moreover, Tower Research Capital Ltd Limited Liability Company (Trc) has 0% invested in SigmaTron International, Inc. (NASDAQ:SGMA) for 220 shares. Advisory Services Networks Ltd Liability reported 2,000 shares stake. Moreover, Grt Capital Partners Ltd Limited Liability Company has 0.11% invested in SigmaTron International, Inc. (NASDAQ:SGMA). Creative Planning accumulated 0% or 1,882 shares. Vanguard has invested 0% in SigmaTron International, Inc. (NASDAQ:SGMA). Morgan Stanley reported 4,305 shares or 0% of all its holdings. Blackrock holds 0% or 181,942 shares in its portfolio.

The stock of SigmaTron International, Inc. (SGMA) formed an up wedge with $10.32 target or 3.00 % above today’s $10.02 share price. The 8 months wedge indicates low risk for the $42.09M company. If the $10.32 price target is reached, the company will be worth $1.26M 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 0.30% or $0.03 during the last trading session, reaching $10.02. About 7,875 shares traded. SigmaTron International, Inc. (NASDAQ:SGMA) has risen 5.46% since December 8, 2016 and is uptrending. It has underperformed by 11.24% the S&P500.

More notable recent SigmaTron International, Inc. (NASDAQ:SGMA) news were published by: Globenewswire.com which released: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” on July 29, 2016, also Globenewswire.com with their article: “SigmaTron International, Inc. Reports First Quarter Financial Results for …” published on September 12, 2017, Bna.com published: “SigmaTron Punitive Damages Upheld in Retaliation Case” on November 30, 2016. More interesting news about SigmaTron International, Inc. (NASDAQ:SGMA) were released by: Globenewswire.com and their article: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” published on July 21, 2017 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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