Crawford & Company (CRD-B)’s Trend Down, Especially After Forming a Wedge Down Pattern

May 18, 2018 - By Christine Ryals

Crawford & Company (NYSE:CRD.B) Logo

The stock of Crawford & Company (CRD-B) formed a down wedge with $7.63 target or 4.00 % below today’s $7.95 share price. The 5 months wedge indicates high risk for the $426.87 million company. If the $7.63 price target is reached, the company will be worth $17.07M 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 2.85% or $0.22 during the last trading session, reaching $7.95. About 32,299 shares traded or 23.05% up from the average. Crawford & Company (NYSE:CRD.B) has declined 16.02% since May 18, 2017 and is downtrending. It has underperformed by 27.57% the S&P500.

More important recent Crawford & Company (NYSE:CRD.B) news were published by: Seekingalpha.com which released: “Crawford & Company’s (CRD.B) CEO Harsha Agadi on Q1 2018 Results – Earnings Call Transcript” on May 11, 2018, also Twst.com published article titled: “Interview with the President and CEO: Crawford & Company (NYSE:CRD.B)”, Nasdaq.com published: “Crawford & Company® Announces First Quarter 2018 Earnings Conference Call” on April 27, 2018. More interesting news about Crawford & Company (NYSE:CRD.B) was released by: Globenewswire.com and their article: “Crawford & Company® to Present During 2018 SunTrust Robinson Humphrey 19th Annual Financial Services …” with publication date: May 14, 2018.

Crawford & Company provides claims management solutions to insurance companies and self-insured entities worldwide. The company has market cap of $426.87 million. The firm operates through four divisions: U.S. It has a 16.32 P/E ratio. Services, International, Broadspire, and Garden City Group.

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