Simulations Plus, Inc. (SLP)’s Stock Formed A Several Months Descending Triangle

February 15, 2018 - By Max Morgan

Investors sentiment increased to 2.06 in Q3 2017. Its up 0.54, from 1.52 in 2017Q2. It improved, 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.
State Street holds 0% or 154,367 shares in its portfolio. Deutsche Natl Bank Ag reported 19,301 shares or 0% of all its holdings. Strs Ohio owns 3,200 shares. Moreover, Rhumbline Advisers has 0% invested in Simulations Plus, Inc. (NASDAQ:SLP) for 10,409 shares. Crawford Counsel Inc accumulated 368,760 shares. Ancora Advsr stated it has 251,386 shares. California State Teachers Retirement reported 18,000 shares. Tower Rech Capital Ltd Liability (Trc) holds 0% or 3,277 shares. Intl Grp Inc Inc reported 7,331 shares stake. Blackrock reported 0% of its portfolio in Simulations Plus, Inc. (NASDAQ:SLP). Dimensional Fund Advisors Limited Partnership holds 0% or 402,450 shares in its portfolio. State Common Retirement Fund invested in 11,600 shares. North Star reported 0.24% in Simulations Plus, Inc. (NASDAQ:SLP). Us Bancorp De reported 0% stake. Acadian Asset Ltd Liability has 0% invested in Simulations Plus, Inc. (NASDAQ:SLP) for 32,818 shares.

Since September 27, 2017, it had 0 insider buys, and 2 selling transactions 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: Businesswire.com which released: “Simulations Plus to Acquire DILIsym Services, Inc.” on May 01, 2017, also Businesswire.com with their article: “Simulations Plus Closes Acquisition of DILIsym Services, Inc.” published on June 01, 2017, Businesswire.com published: “Simulations Plus Announces Senior Management Changes” on August 31, 2017. More interesting news about Simulations Plus, Inc. (NASDAQ:SLP) were released by: Businesswire.com and their article: “Simulations Plus Releases MembranePlusâ„¢ Version 2” published on August 23, 2017 as well as Businesswire.com‘s news article titled: “DILIsym Services Inc., a Simulations Plus Company, Releases DILIsym® Version 7A” with publication date: January 11, 2018.

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