CTI Industries Corporation (CTIB) on Focus After Forming Wedge Down Chart Pattern

November 10, 2018 - By Richard Conner

Investors sentiment decreased to 1.5 in 2018 Q2. Its down 2.50, from 4 in 2018Q1. It worsened, as 1 investors sold CTI Industries Corporation shares while 1 reduced holdings. 1 funds opened positions while 2 raised stakes. 162,116 shares or 49.99% less from 324,180 shares in 2018Q1 were reported.
Susquehanna Int Grp Incorporated Ltd Liability Partnership owns 0% invested in CTI Industries Corporation (NASDAQ:CTIB) for 13,284 shares. Northern Corporation has invested 0% in CTI Industries Corporation (NASDAQ:CTIB). Blackrock Inc holds 0% or 230 shares. Wells Fargo & Communications Mn accumulated 1,900 shares. Perritt Mgmt reported 0.12% of its portfolio in CTI Industries Corporation (NASDAQ:CTIB). Moreover, Renaissance Tech Ltd Com has 0% invested in CTI Industries Corporation (NASDAQ:CTIB). Moreover, James Invest Research Inc has 0% invested in CTI Industries Corporation (NASDAQ:CTIB) for 700 shares. Tower Rech Capital Lc (Trc) stated it has 0% of its portfolio in CTI Industries Corporation (NASDAQ:CTIB). Moreover, Vanguard Gru has 0% invested in CTI Industries Corporation (NASDAQ:CTIB) for 16,514 shares. Morgan Stanley stated it has 1,901 shares.

The stock of CTI Industries Corporation (CTIB) formed a down wedge with $3.70 target or 5.00 % below today’s $3.89 share price. The 7 months wedge indicates high risk for the $13.73 million company. If the $3.70 price target is reached, the company will be worth $686,650 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 increased 1.57% or $0.06 during the last trading session, reaching $3.89. About 1,218 shares traded. CTI Industries Corporation (NASDAQ:CTIB) has declined 33.33% since November 10, 2017 and is downtrending. It has underperformed by 48.95% the S&P500.

Another recent and important CTI Industries Corporation (NASDAQ:CTIB) news was published by Gurufocus.com which published an article titled: “CTI Industries Corporation to Host Conference Call to Discuss 2018 Third Quarter Financial Results” on November 09, 2018.

CTI Industries Corporation develops, produces, and sells consumer and film products for commercial and industrial applications worldwide. The company has market cap of $13.73 million. The firm offers novelty products, including foil balloons, such as Superloons, Ultraloons, Miniloon, Card-B-Loons, Shape-A-Loons, and mini shapes; latex balloons primarily under the Partyloons name; toy balloon products, which include punch balls, water bombs, and Animal Twisties; Candy Blossoms that are containers with candy items and air-inflated balloons; and other inflatable toy items. It currently has negative earnings. It also provides vacuum sealable bags and rolls of film for household storage under the Ziploc and Zipvac brand names; valved and resealable bags for vacuum storage use; and vacuum sealing machines under the brand name of Ziploc.

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