Could Simulations Plus, Inc. (SLP) Increase Even More? The Stock Formed Bullish Descending Triangle Chart Pattern

February 15, 2018 - By Linda Rogers

Investors sentiment increased to 2.06 in Q3 2017. 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.
Renaissance Llc has invested 0.01% of its portfolio in Simulations Plus, Inc. (NASDAQ:SLP). Spark Ltd Liability Co reported 0.02% in Simulations Plus, Inc. (NASDAQ:SLP). Moreover, Menta Capital Ltd Liability Corporation has 0.16% invested in Simulations Plus, Inc. (NASDAQ:SLP). Ranger Invest Mngmt L P reported 0.26% in Simulations Plus, Inc. (NASDAQ:SLP). Wells Fargo & Mn has 5,097 shares for 0% of their portfolio. Rhumbline Advisers holds 10,409 shares. Blair William & Communication Il invested in 13,597 shares. Morgan Stanley accumulated 56,380 shares. Telos Cap Management accumulated 10,724 shares. Cadence Cap Management Ltd Com has invested 0.11% in Simulations Plus, Inc. (NASDAQ:SLP). Bessemer Grp has 0% invested in Simulations Plus, Inc. (NASDAQ:SLP). Crawford Investment Counsel Incorporated accumulated 0.19% or 368,760 shares. Acadian Asset Limited Liability Company invested in 32,818 shares or 0% of the stock. Geode Ltd owns 0% invested in Simulations Plus, Inc. (NASDAQ:SLP) for 82,572 shares. Bnp Paribas Arbitrage Sa has invested 0% in Simulations Plus, Inc. (NASDAQ:SLP).

Since September 27, 2017, it had 0 buys, 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: Businesswire.com which released: “Simulations Plus Releases MembranePlusâ„¢ Version 2” on August 23, 2017, also Nasdaq.com with their article: “Simulations Plus, Inc. (SLP) Ex-Dividend Date Scheduled for November 10, 2017” published on November 09, 2017, Businesswire.com published: “Simulations Plus to Acquire DILIsym Services, Inc.” on May 01, 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 Q1 2018 Results – Earnings Call …” published on January 10, 2018 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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