Traders Are Bearish Superior Group of Companies, Inc. (SGC) After The Stock Formed Wedge Down

November 10, 2018 - By Peter Erickson

Investors sentiment decreased to 1.08 in Q2 2018. Its down 0.25, from 1.33 in 2018Q1. It dropped, as 10 investors sold Superior Group of Companies, Inc. shares while 14 reduced holdings. 8 funds opened positions while 18 raised stakes. 5.10 million shares or 1.77% more from 5.01 million shares in 2018Q1 were reported.
Punch Associates Inv accumulated 0.45% or 265,927 shares. State Common Retirement Fund holds 0% of its portfolio in Superior Group of Companies, Inc. (NASDAQ:SGC) for 10,200 shares. Jpmorgan Chase holds 0% or 8,699 shares. Royal State Bank Of Canada holds 0% of its portfolio in Superior Group of Companies, Inc. (NASDAQ:SGC) for 102,449 shares. Blackrock accumulated 532,457 shares. Ancora Limited Company stated it has 0.03% in Superior Group of Companies, Inc. (NASDAQ:SGC). Morgan Stanley accumulated 0% or 24,816 shares. Bankshares Of Mellon Corp holds 0% of its portfolio in Superior Group of Companies, Inc. (NASDAQ:SGC) for 84,789 shares. Hightower Advsrs Limited Liability Co stated it has 13,651 shares or 0% of all its holdings. 54 were accumulated by Envestnet Asset Incorporated. invested in 5,841 shares. Legal General Public Ltd Company reported 1,498 shares. 800 are owned by Wealthtrust Fairport Limited Com. Perritt Capital Management Incorporated stated it has 41,050 shares. Piedmont Invest Advsrs Limited Liability holds 0% or 156 shares in its portfolio.

The stock of Superior Group of Companies, Inc. (SGC) formed a down wedge with $17.91 target or 5.00 % below today’s $18.85 share price. The 7 months wedge indicates high risk for the $287.89M company. If the $17.91 price target is reached, the company will be worth $14.39M 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 0.79% or $0.15 during the last trading session, reaching $18.85. About 14,695 shares traded. Superior Group of Companies, Inc. (NASDAQ:SGC) has declined 18.12% since November 10, 2017 and is downtrending. It has underperformed by 33.74% the S&P500.

More recent Superior Group of Companies, Inc. (NASDAQ:SGC) news were published by: Nasdaq.com which released: “Superior Group of Companies Announces Third Quarter 2018 Earnings Conference Call and Webcast” on October 17, 2018. Also Globenewswire.com published the news titled: “Superior Group of Companies, Inc. Reports Third Quarter Operating Results” on October 25, 2018. Seekingalpha.com‘s news article titled: “Superior Uniform Group, Inc. (SGC) CEO Michael Benstock on Q3 2018 Results – Earnings Call Transcript” with publication date: October 27, 2018 was also an interesting one.

Superior Uniform Group, Inc. manufactures and sells apparel and accessories in the United States and internationally. The company has market cap of $287.89 million. It operates through three divisions: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. It has a 22.41 P/E ratio. The Uniforms and Related Products segment makes and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for the personnel of hospitals and health facilities; hotels, commercial buildings, residential buildings, and food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; public and private safety and security organizations; and miscellaneous service uses.

Superior Group of Companies, Inc. (NASDAQ:SGC) Institutional Positions Chart

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.

By

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:


Recent Market News

>