Is Buying CTI Industries Corporation (CTIB) Here a Winning Strategy? The Stock Formed Bullish Descending Triangle Chart Pattern

September 14, 2018 - By Jimmy Cauthen

Investors sentiment decreased to 1.5 in Q2 2018. Its down 2.50, from 4 in 2018Q1. It worsened, as 1 investors sold CTI Industries Corporation shares while 1 reduced holdings. 1 funds opened positions while 2 raised stakes. 162,116 shares or 49.99% less from 324,180 shares in 2018Q1 were reported.
Northern Tru Corp holds 19,430 shares. Blackrock accumulated 230 shares. Morgan Stanley holds 0% or 1,901 shares. Renaissance Technology Lc has invested 0% in CTI Industries Corporation (NASDAQ:CTIB). James Invest Research owns 0% invested in CTI Industries Corporation (NASDAQ:CTIB) for 700 shares. The Pennsylvania-based Vanguard Gru Inc has invested 0% in CTI Industries Corporation (NASDAQ:CTIB). Susquehanna International Llp has invested 0% in CTI Industries Corporation (NASDAQ:CTIB). Perritt Inc accumulated 94,700 shares or 0.12% of the stock. 1,900 are held by Wells Fargo And Mn. Tower Research Llc (Trc) invested 0% of its portfolio in CTI Industries Corporation (NASDAQ:CTIB).

The stock of CTI Industries Corporation (CTIB) formed a descending triangle with $4.14 target or 9.00 % above today’s $3.80 share price. The 8 months triangle pattern indicates low risk for the $13.42M company. If the $4.14 price target is reached, the company will be worth $1.21M 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 2.71% or $0.1001 during the last trading session, reaching $3.8001. About 2,436 shares traded or 12.83% up from the average. CTI Industries Corporation (NASDAQ:CTIB) has declined 33.33% since September 14, 2017 and is downtrending. It has underperformed by 48.95% the S&P500.

CTI Industries Corporation develops, produces, and sells consumer and film products for commercial and industrial applications worldwide. The company has market cap of $13.42 million. The firm offers novelty products, including foil balloons, such as Superloons, Ultraloons, Miniloon, Card-B-Loons, Shape-A-Loons, and mini shapes; latex balloons primarily under the Partyloons name; toy balloon products, which include punch balls, water bombs, and Animal Twisties; Candy Blossoms that are containers with candy items and air-inflated balloons; and other inflatable toy items. It currently has negative earnings. It also provides vacuum sealable bags and rolls of film for household storage under the Ziploc and Zipvac brand names; valved and resealable bags for vacuum storage use; and vacuum sealing machines under the brand name of Ziploc.

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