NASDAQ:SGLB', 'Sigma Labs Inc.', 'http://weeklyregister.com/weekly-register-logo.png');

Sigma Labs, Inc. (SGLB) Could Burn Your Portfolio. The Stock Formed Bearish Wedge Down Chart Pattern

December 7, 2017 - By Darrin Black

The stock of Sigma Labs, Inc. (SGLB) formed a down wedge with $1.47 target or 5.00 % below today’s $1.55 share price. The 9 months wedge indicates high risk for the $7.31 million company. If the $1.47 price target is reached, the company will be worth $365,700 less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 1.90% or $0.03 during the last trading session, reaching $1.55. About 15,832 shares traded. Sigma Labs, Inc. (NASDAQ:SGLB) has declined 64.75% since December 8, 2016 and is downtrending. It has underperformed by 81.45% the S&P500.

More notable recent Sigma Labs, Inc. (NASDAQ:SGLB) news were published by: Globenewswire.com which released: “Sigma Labs Announces Financial Results for the Third Quarter Ended September …” on November 14, 2017, also Globenewswire.com with their article: “Mark Cola Appointed to CTO to Accelerate Technology Advancements at Sigma Labs …” published on July 27, 2017, Globenewswire.com published: “Sigma Labs Signs New Manufacturer’s Representative for Sales of Contract …” on August 03, 2017. More interesting news about Sigma Labs, Inc. (NASDAQ:SGLB) were released by: Globenewswire.com and their article: “Sigma Labs to Unveil PrintRite3D® INSPECTâ„¢ 3.0 Software at Formnext 2017” published on October 16, 2017 as well as Globenewswire.com‘s news article titled: “Sigma Labs to Present at the Third Joint FAA – USAF Workshop on Qualification …” with publication date: August 25, 2017.

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