Is Buying SigmaTron International (SGMA) Here a Winning Strategy? The Stock Formed Wedge Up

September 17, 2017 - By Dolores Ford

Investors sentiment decreased to 0.56 in 2016 Q4. Its down 1.24, from 1.8 in 2016Q3. It dived, 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.
Pnc Services Grp holds 6,000 shares. Renaissance Techs Ltd Liability Corporation stated it has 145,900 shares. Dimensional Fund Advisors Ltd Partnership owns 47,706 shares for 0% of their portfolio. Walleye Trading Ltd Limited Liability Company stated it has 0% of its portfolio in SigmaTron International (NASDAQ:SGMA). Panagora Asset has invested 0% in SigmaTron International (NASDAQ:SGMA). Creative Planning invested in 1,800 shares. Wells Fargo Mn invested in 0% or 2,200 shares. Blackrock Fund Advsr holds 0% or 1,617 shares in its portfolio. Tower Rech Lc (Trc) owns 104 shares for 0% of their portfolio. Royal State Bank Of Canada stated it has 0% of its portfolio in SigmaTron International (NASDAQ:SGMA). Earnest Prns Lc has invested 0% in SigmaTron International (NASDAQ:SGMA). Deutsche Fincl Bank Ag holds 1,565 shares. Fmr Limited Co reported 0% of its portfolio in SigmaTron International (NASDAQ:SGMA). The Massachusetts-based Geode Capital Mngmt Limited Liability Corporation has invested 0% in SigmaTron International (NASDAQ:SGMA). Alexandria Cap Limited Liability Co holds 0.01% or 8,200 shares in its portfolio.

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: 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 29, 2016. More interesting news about SigmaTron International (NASDAQ:SGMA) were released by: Globenewswire.com and their article: “SigmaTron International, Inc. Reports Third Quarter Financial Results for …” published on March 13, 2017 as well as Globenewswire.com‘s news article titled: “SigmaTron International, Inc. Reports Year End Financial Results for Fiscal …” with publication date: July 23, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: