A Reversal for Celsion Corporation (CLSN) Is Not Near. The Formed Bearish Wedge Down Chart Pattern

July 17, 2017 - By Dolores Ford

Investors sentiment increased to 1.22 in 2016 Q4. Its up 0.40, from 0.82 in 2016Q3. It increased, as 9 investors sold Celsion Corporation shares while 0 reduced holdings. 3 funds opened positions while 8 raised stakes. 4.88 million shares or 46.85% more from 3.32 million shares in 2016Q3 were reported.
Sabby Mngmt Llc owns 1.33 million shares. Citadel Advsr Lc holds 0% of its portfolio in Celsion Corporation (NASDAQ:CLSN) for 67,522 shares. First Manhattan stated it has 0% in Celsion Corporation (NASDAQ:CLSN). Guggenheim Capital Lc stated it has 15,286 shares or 0% of all its holdings. Retail Bank Of New York Mellon holds 0% or 25,169 shares in its portfolio. Geode Cap Mngmt Ltd Co stated it has 0% of its portfolio in Celsion Corporation (NASDAQ:CLSN). One Trading Limited Partnership reported 0% stake. Carroll Fincl Assoc Inc accumulated 563 shares or 0% of the stock. Blackrock Mgmt Limited Company reported 0% of its portfolio in Celsion Corporation (NASDAQ:CLSN). Vanguard Grp Inc Incorporated reported 575,889 shares. Blackrock Inc invested in 2,305 shares. Creative Planning holds 16,806 shares or 0% of its portfolio. Blackrock Fund Advisors reported 0% in Celsion Corporation (NASDAQ:CLSN). Riggs Asset Managment invested in 29 shares. Deutsche Retail Bank Ag invested 0% in Celsion Corporation (NASDAQ:CLSN).

The stock of Celsion Corporation (CLSN) formed a down wedge with $1.75 target or 5.00 % below today’s $1.84 share price. The 8 months wedge indicates high risk for the $7.33 million company. If the $1.75 price target is reached, the company will be worth $366,500 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.

About 95,802 shares traded. Celsion Corporation (NASDAQ:CLSN) has declined 82.71% since July 17, 2016 and is downtrending. It has underperformed by 99.41% the S&P500.

More notable recent Celsion Corporation (NASDAQ:CLSN) news were published by: Seekingalpha.com which released: “Celsion completes OVATION study and provides update on advanced stage III and …” on July 05, 2017, also Reuters.com with their article: “BRIEF-Celsion Corp agreed to sell about 2.435 million shares of common stock” published on July 06, 2017, Globenewswire.com published: “Celsion Corporation Announces Cancellation of Registered Direct Offering” on June 22, 2017. More interesting news about Celsion Corporation (NASDAQ:CLSN) were released by: Globenewswire.com and their article: “Celsion Corporation Announces $5.4 Million Registered Direct Offering” published on June 19, 2017 as well as Seekingalpha.com‘s news article titled: “Celsion Carves Itself A New Path” with publication date: July 10, 2017.

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