Does This Provide a Reason to Sell Sea Limited (SE)? The Stock Has Formed Bearish Wedge Down Chart Pattern

May 16, 2018 - By Dolores Ford

Sea Limited (NYSE:SE) Logo

Investors sentiment decreased to 0 in Q4 2017. Its down 0.50, from 0.5 in 2017Q3. It fall, as 0 investors sold Sea Limited shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 50,690 shares or 8.23% less from 55,235 shares in 2017Q3 were reported.
Beacon Finance has 0.22% invested in Sea Limited (NYSE:SE) for 31,265 shares. 2,550 are owned by Monroe Savings Bank Tru Mi. Jacobs And Co Ca has 16,875 shares.

The stock of Sea Limited (SE) formed a down wedge with $10.94 target or 7.00 % below today’s $11.76 share price. The 8 months wedge indicates high risk for the $3.94 billion company. If the $10.94 price target is reached, the company will be worth $275.73 million 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 10.53% or $1.12 during the last trading session, reaching $11.76. About 2.98M shares traded or 257.68% up from the average. Sea Limited (NYSE:SE) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Sea Limited (NYSE:SE) to report earnings on May, 22. After $-0.90 actual EPS reported by Sea Limited for the previous quarter, Wall Street now forecasts -28.89 % EPS growth.

Sea Limited (NYSE:SE) Ratings Coverage

Among 2 analysts covering Sea Limited American Depositary Shares (NYSE:SE), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sea Limited American Depositary Shares had 3 analyst reports since December 1, 2017 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, February 28 report. The firm has “Buy” rating given on Wednesday, February 28 by Stifel Nicolaus.

More notable recent Sea Limited (NYSE:SE) news were published by: Seekingalpha.com which released: “Sea Limited +10% amid broad revenue growth in Q1” on May 16, 2018, also Seekingalpha.com with their article: “Sea: The Red Ink Doesn’t Stop Flowing” published on May 16, 2018, Streetinsider.com published: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” on May 15, 2018. More interesting news about Sea Limited (NYSE:SE) were released by: Businesswire.com and their article: “Sea Limited Reports First Quarter 2018 Results” published on May 15, 2018 as well as Benzinga.com‘s news article titled: “26 Stocks Moving In Wednesday’s Pre-Market Session” with publication date: May 16, 2018.

Sea Limited, an Internet platform company, engages in the digital entertainment, e-commerce, and digital financial service businesses in Greater Southeast Asia. The company has market cap of $3.94 billion. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features. It currently has negative earnings. The firm also operates Shopee e-commerce platform, a third-party marketplace that connects buyers and sellers through the Shopee mobile app and Websites.

Sea Limited (NYSE:SE) Ratings Chart

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