Simulations Plus, Inc. (SLP) on Focus After Forming Descending Triangle Pattern

February 15, 2018 - By Adrian Mccoy

Investors sentiment increased to 2.06 in 2017 Q3. Its up 0.54, from 1.52 in 2017Q2. It increased, as 1 investors sold Simulations Plus, Inc. shares while 17 reduced holdings. 16 funds opened positions while 21 raised stakes. 5.43 million shares or 5.64% more from 5.14 million shares in 2017Q2 were reported.
Schwab Charles Inv Inc owns 19,500 shares. 252 are owned by Barclays Public Llc. Bessemer Gp reported 29,700 shares. Dimensional Fund Lp invested in 402,450 shares or 0% of the stock. California Public Employees Retirement System owns 0% invested in Simulations Plus, Inc. (NASDAQ:SLP) for 39,200 shares. Strs Ohio holds 0% or 3,200 shares. Cadence Mngmt Limited Company owns 116,304 shares or 0.11% of their US portfolio. Ranger Invest Management Lp invested in 221,455 shares. The New York-based Tower Rech Capital Ltd (Trc) has invested 0% in Simulations Plus, Inc. (NASDAQ:SLP). Stanley has invested 0.32% in Simulations Plus, Inc. (NASDAQ:SLP). Bnp Paribas Arbitrage owns 1,067 shares. Denali Advsr Ltd Co has invested 0% in Simulations Plus, Inc. (NASDAQ:SLP). Skylands Capital Limited Liability Corporation has invested 0.25% in Simulations Plus, Inc. (NASDAQ:SLP). Oppenheimer Asset Mngmt holds 1,809 shares or 0% of its portfolio. Blackrock Inc stated it has 754,585 shares or 0% of all its holdings.

Since September 27, 2017, it had 0 insider purchases, and 2 insider sales for $588,670 activity.

The stock of Simulations Plus, Inc. (SLP) formed a descending triangle with $17.17 target or 5.00 % above today’s $16.35 share price. The 6 months triangle pattern indicates low risk for the $282.74 million company. If the $17.17 price target is reached, the company will be worth $14.14 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 2.83% or $0.45 during the last trading session, reaching $16.35. About 22,966 shares traded. Simulations Plus, Inc. (NASDAQ:SLP) has risen 48.65% since February 15, 2017 and is uptrending. It has outperformed by 31.95% the S&P500.

More notable recent Simulations Plus, Inc. (NASDAQ:SLP) news were published by: Nasdaq.com which released: “Simulations Plus, Inc. (SLP) Ex-Dividend Date Scheduled for January 25, 2018” on January 24, 2018, also Businesswire.com with their article: “Simulations Plus Closes Acquisition of DILIsym Services, Inc.” published on June 01, 2017, Nasdaq.com published: “Simulations Plus, Inc. (SLP) Ex-Dividend Date Scheduled for November 10, 2017” on November 09, 2017. More interesting news about Simulations Plus, Inc. (NASDAQ:SLP) were released by: Seekingalpha.com and their article: “Simulations Plus’ (SLP) CEO Walt Woltosz on Q4 2017 Results – Earnings Call …” published on November 15, 2017 as well as Businesswire.com‘s news article titled: “Simulations Plus Announces Senior Management Changes” with publication date: August 31, 2017.

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