Sensus Healthcare, Inc. (SRTS) Formed Ascending Triangle; Sellers Are Thriving

March 21, 2018 - By Winifred Garcia

The stock of Sensus Healthcare, Inc. (SRTS) formed an ascending triangle with $5.53 target or 6.00 % below today’s $5.88 share price. The 7 months triangle pattern indicates high risk for the $ company. If the $5.53 price target is reached, the company will be worth $ less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.17% or $0.01 during the last trading session, reaching $5.88. About 4,227 shares traded or 56.56% up from the average. Sensus Healthcare, Inc. (NASDAQ:SRTS) has 0.00% since March 21, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Sensus Healthcare, Inc. (NASDAQ:SRTS) to report earnings on May, 3. They expect $-0.03 earnings per share, up 75.00 % or $0.09 from last year’s $-0.12 per share. After $-0.03 actual earnings per share reported by Sensus Healthcare, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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