Ichor Holdings, Ltd. (ICHR) Stock Formed Wedge Down Chart Pattern. What To Expect?

July 16, 2018 - By Richard Slagle

The stock of Ichor Holdings, Ltd. (ICHR) formed a down wedge with $18.80 target or 8.00 % below today’s $20.44 share price. The 8 months wedge indicates high risk for the $524.58M company. If the $18.80 price target is reached, the company will be worth $41.97 million 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 decreased 0.82% or $0.17 during the last trading session, reaching $20.44. About 328,829 shares traded. Ichor Holdings, Ltd. (NASDAQ:ICHR) has risen 7.61% since July 16, 2017 and is uptrending. It has underperformed by 4.96% the S&P500.

Analysts await Ichor Holdings, Ltd. (NASDAQ:ICHR) to report earnings on August, 9. They expect $0.85 EPS, up 46.55 % or $0.27 from last year’s $0.58 per share. ICHR’s profit will be $21.81 million for 6.01 P/E if the $0.85 EPS becomes a reality. After $0.94 actual EPS reported by Ichor Holdings, Ltd. for the previous quarter, Wall Street now forecasts -9.57 % negative EPS growth.

Another recent and important Ichor Holdings, Ltd. (NASDAQ:ICHR) news was published by Streetinsider.com which published an article titled: “Samsung CapEx Cut Could Impact Ichor (ICHR) For Multiple Years – Northland” on July 12, 2018.

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems for semiconductor capital equipment in the United States, the United Kingdom, Singapore, and Malaysia. The company has market cap of $524.58 million. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. It has a 8.98 P/E ratio. The companyÂ’s gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

Ichor Holdings, Ltd. (NASDAQ:ICHR) Ratings Chart

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