Great Elm Capital Group, Inc. (GEC)’s Trend Up, Especially After Forming a Wedge Up Pattern

May 18, 2018 - By Eva Godbolt

The stock of Great Elm Capital Group, Inc. (GEC) formed an up wedge with $3.99 target or 5.00 % above today’s $3.80 share price. The 9 months wedge indicates low risk for the $92.52M company. If the $3.99 price target is reached, the company will be worth $4.63 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

It closed at $3.8 lastly. It is up 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

Another recent and important Great Elm Capital Group, Inc. (NASDAQ:GEC) news was published by Nasdaq.com which published an article titled: “Great Elm Capital Group, Inc. Reports Third Quarter 2018 Financial Results” on May 16, 2018.

Great Elm Capital Group, Inc. does not have significant operations. The company has market cap of $92.52 million. Previously, it was involved in developing patents for allowing mobile devices to connect to the Internet and enabling mobile communications. It currently has negative earnings. The firm focuses on investment management business.

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