Is Major Move Coming For G. Willi-Food International Ltd. (WILC) After This Ascending Triangle Pattern?

September 8, 2018 - By Mark Babin

The stock of G. Willi-Food International Ltd. (WILC) formed an ascending triangle with $6.58 target or 7.00 % below today’s $7.08 share price. The 9 months triangle pattern indicates high risk for the $93.75 million company. If the $6.58 price target is reached, the company will be worth $6.56 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock decreased 0.14% or $0.01 during the last trading session, reaching $7.08. About 745 shares traded. G. Willi-Food International Ltd. (NASDAQ:WILC) has risen 7.84% since September 8, 2017 and is uptrending. It has underperformed by 4.73% the S&P500.

G. Willi-Food International Ltd. develops, imports, exports, markets, and distributes various food products worldwide. The company has market cap of $93.75 million. It offers canned vegetables and pickles, including mushrooms, artichoke, beans, asparagus, capers, corn kernels, baby corn, palm hearts, vine leaves, sour pickles, mixed pickled vegetables, pickled peppers, an assortment of olives, garlic, roasted eggplant, and sun and dried tomatoes; and canned fish comprising tuna, sardines, anchovies, smoked and pressed cod liver, herring, fish paste, and salmon. It has a 10.4 P/E ratio. The firm also provides canned fruits that include pineapple, peaches, apricots, pears, cherries, mangos, litchis, and fruit cocktail; edible oils comprising olive, sunflower, soybean, corn, and rapeseed oil; dairy and dairy substitutes consisting of cheese, feta, Bulgarian cubes, goat cheese, fetina, butter, butter spreads, margarine, melted cheese, cheese alternatives, condensed milk, whipped cream, and other products; and dried fruits, nuts, and beans, such as figs, apricots and organic apricots, organic chestnuts, sunflower and sesame seeds, walnuts, pine nuts, cashews, banana chips, pistachios, and peanuts.

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