Could SigmaTron International (SGMA) Recover After Forming a Bullish Wedge Up Pattern?

September 17, 2017 - By Maria Brooks

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.
Massachusetts-based Grt Cap Ptnrs Llc has invested 0.04% in SigmaTron International (NASDAQ:SGMA). Moreover, Fmr Limited Company has 0% invested in SigmaTron International (NASDAQ:SGMA) for 288,178 shares. Royal Bancorporation Of Canada invested in 60,100 shares or 0% of the stock. Moreover, Tower Research Capital Ltd Liability Corp (Trc) has 0% invested in SigmaTron International (NASDAQ:SGMA). Dimensional Fund Advisors Limited Partnership holds 0% or 47,706 shares in its portfolio. 6,000 are held by Pnc Ser Grp. Creative Planning holds 0% or 1,800 shares in its portfolio. Wells Fargo Co Mn holds 0% or 2,200 shares in its portfolio. Deutsche Financial Bank Ag has invested 0% in SigmaTron International (NASDAQ:SGMA). Earnest Prns Limited Liability Com holds 1,900 shares. Blackrock Institutional Trust Communications Na reported 189,202 shares. Morgan Stanley holds 4,305 shares. Vanguard Inc holds 0% or 33,597 shares in its portfolio. Panagora Asset Management holds 0% of its portfolio in SigmaTron International (NASDAQ:SGMA) for 3,657 shares. Alexandria Capital Lc accumulated 0.01% or 8,200 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: which released: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” on July 29, 2016, also with their article: “Sigmatron International Inc.” published on February 12, 2011, 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: and their article: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” published on July 21, 2017 as well as‘s news article titled: “SigmaTron International, Inc. Reports First Quarter Financial Results for …” with publication date: September 12, 2016.

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