Is Major Move Coming For Utah Medical Products, Inc. (UTMD) After This Bullish Wedge Up Pattern?

November 15, 2017 - By Louis Casey

Investors sentiment decreased to 1.38 in 2017 Q2. Its down 0.05, from 1.43 in 2017Q1. It turned negative, as 6 investors sold Utah Medical Products, Inc. shares while 20 reduced holdings. 10 funds opened positions while 26 raised stakes. 2.40 million shares or 4.65% more from 2.30 million shares in 2017Q1 were reported.
Seizert Capital Ptnrs invested 0.02% in Utah Medical Products, Inc. (NASDAQ:UTMD). Dimensional Fund Advisors Ltd Partnership reported 159,652 shares or 0.01% of all its holdings. Ameritas Inv Prtn Inc reported 296 shares or 0% of all its holdings. The New York-based Bankshares Of Ny Mellon has invested 0% in Utah Medical Products, Inc. (NASDAQ:UTMD). Morgan Dempsey Cap Management Limited Company stated it has 0.72% in Utah Medical Products, Inc. (NASDAQ:UTMD). Millennium Management Ltd Com stated it has 15,492 shares. Rhumbline Advisers holds 0% or 3,881 shares. Wcm Management Ca owns 81,912 shares for 0.09% of their portfolio. Strs Ohio reported 2,700 shares. Vanguard, Pennsylvania-based fund reported 131,928 shares. New York-based Jpmorgan Chase & has invested 0% in Utah Medical Products, Inc. (NASDAQ:UTMD). Tfs Capital Lc has 3,226 shares. California State Teachers Retirement reported 6,013 shares. Price T Rowe Associates Md has 302,958 shares for 0% of their portfolio. Brandes Investment Partners L P reported 0.04% stake.

The stock of Utah Medical Products, Inc. (UTMD) formed an up wedge with $82.92 target or 9.00 % above today’s $76.07 share price. The 5 months wedge indicates low risk for the $282.92M company. If the $82.92 price target is reached, the company will be worth $25.46 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%.

About 19 shares traded. Utah Medical Products, Inc. (NASDAQ:UTMD) has declined 0.94% since November 15, 2016 and is downtrending. It has underperformed by 17.64% the S&P500.

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