Is Buying SigmaTron International, Inc. (SGMA) Here a Winning Strategy? The Stock Formed Bullish Wedge Up Pattern

December 7, 2017 - By Maria Brooks

Investors sentiment increased to 1.6 in 2017 Q2. Its up 0.40, from 1.2 in 2017Q1. It is positive, 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.
Wells Fargo & Communication Mn holds 0% or 2,200 shares. Fmr Limited Liability Corp accumulated 288,196 shares or 0% of the stock. 20,167 were reported by Vanguard Gp Inc. Blackrock Inc holds 181,942 shares or 0% of its portfolio. Creative Planning owns 1,882 shares. Geode Capital Mngmt reported 11,463 shares. Dimensional Fund Advisors Limited Partnership holds 0% or 47,706 shares. Acadian Asset Mgmt Limited Liability has invested 0% of its portfolio in SigmaTron International, Inc. (NASDAQ:SGMA). Commonwealth Equity reported 11,897 shares. Renaissance Ltd Liability holds 0% or 169,300 shares in its portfolio. Tower Rech Capital Limited (Trc) invested in 220 shares. Morgan Stanley invested in 0% or 4,305 shares. Grt Capital Partners Lc reported 29,538 shares. Virginia-based Alexandria Ltd Liability Com has invested 0.01% in SigmaTron International, Inc. (NASDAQ:SGMA). Royal Savings Bank Of Canada stated it has 60,100 shares.

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 First Quarter Financial Results for …” on September 12, 2017, also Quotes.Wsj.com with their article: “Sigmatron International Inc.” published on February 12, 2011, Globenewswire.com published: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” on July 21, 2017. 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 29, 2016 as well as Bna.com‘s news article titled: “SigmaTron Punitive Damages Upheld in Retaliation Case” with publication date: November 30, 2016.

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