Does Sigma Labs, Inc. (SGLB) Have Any Gas After Forming This Bearish Wedge Down Pattern?

December 7, 2017 - By Richard Conner

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, Inc. (Nasdaq: SGLB) to Ring The Nasdaq Stock Market Opening Bell” on March 01, 2017, also Globenewswire.com with their article: “Sigma Labs Announces Financial Results for the Third Quarter Ended September …” published on November 14, 2017, Seekingalpha.com published: “Sigma Labs’ (SGLB) CEO Mark Cola on Q1 2017 Results – Earnings Call Transcript” on May 16, 2017. More interesting news about Sigma Labs, Inc. (NASDAQ:SGLB) were released by: Globenewswire.com and their article: “Sigma Labs Delivers Cloud-Based PrintRite3D® INSPECT® Software Version 2.0 to …” published on August 10, 2017 as well as Globenewswire.com‘s news article titled: “Sigma Labs to Unveil PrintRite3D® INSPECTâ„¢ 3.0 Software at Formnext 2017” with publication date: October 16, 2017.

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