What’s Next for QAD Inc. (QADB) After Forming Wedge Up Chart Pattern?

May 18, 2018 - By Christine Ryals


The stock of QAD Inc. (QADB) formed an up wedge with $38.48 target or 5.00 % above today’s $36.65 share price. The 7 months wedge indicates low risk for the $912.29 million company. If the $38.48 price target is reached, the company will be worth $45.61 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%.

The stock decreased 0.14% or $0.05 during the last trading session, reaching $36.65. About 312 shares traded. QAD Inc. (NASDAQ:QADB) has risen 58.04% since May 18, 2017 and is uptrending. It has outperformed by 46.49% the S&P500.

More notable recent QAD Inc. (NASDAQ:QADB) news were published by: Prnewswire.com which released: “QAD Welcomes Customers and Partners to QAD Explore 2018 in Dallas” on May 08, 2018, also Prnewswire.com with their article: “QAD Announces Customer Award Winners at QAD Explore 2018” published on May 09, 2018, Prnewswire.com published: “QAD To Report Fiscal 2019 First Quarter Financial Results And Host A Conference Call On Wednesday, May 30, 2018” on April 25, 2018. More interesting news about QAD Inc. (NASDAQ:QADB) were released by: Prnewswire.com and their article: “DynaSys a Sponsor of the Gartner Supply Chain Executive Summit 2018” published on April 27, 2018 as well as Prnewswire.com‘s news article titled: “QAD Awards Partner Excellence at Explore 2018” with publication date: May 10, 2018.

QAD Inc. provides enterprise software solutions for manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology, and industrial products industries worldwide. The company has market cap of $912.29 million. The firm offers QAD Enterprise Applications, an integrated suite of software applications, which support the core business processes. It currently has negative earnings. The Company’s QAD Enterprise Applications include software solutions, such as QAD Financials to manage and control finance and accounting processes; QAD Customer Management for manufacturers to acquire new customers; QAD Manufacturing, which supports manufacturing business processes; QAD Automation Solutions that improve manufacturers?? material transaction processing; QAD Demand and Supply Chain Planning that fulfills materials planning and logistics requirements; QAD Supply Chain Execution that offers tools to support inventory and warehouse management; and QAD Transportation Management to manage and optimize outside carriers for shipments.

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