Bullish Chart Formation for CryoLife, Inc. (CRY) After Forming Bullish Wedge Up

September 16, 2018 - By Benjamin Allen

CryoLife, Inc. (NYSE:CRY) Logo

Investors sentiment increased to 1.67 in 2018 Q2. Its up 0.82, from 0.85 in 2018Q1. It increased, as 6 investors sold CryoLife, Inc. shares while 30 reduced holdings. 15 funds opened positions while 45 raised stakes. 24.77 million shares or 2.42% more from 24.19 million shares in 2018Q1 were reported.
Elk Creek Prtn Lc has invested 0.52% in CryoLife, Inc. (NYSE:CRY). Ls Inv Advisors Limited Liability Co invested 0% of its portfolio in CryoLife, Inc. (NYSE:CRY). Driehaus Cap Mngmt Limited Liability Corp has 163,690 shares. Parametric Associate Ltd Liability reported 57,937 shares. Janney Montgomery Scott Ltd Liability Corporation owns 72,000 shares or 0.02% of their US portfolio. Aqr Mgmt Ltd Liability Corp holds 0% or 13,209 shares in its portfolio. Synovus Corp holds 0% or 5,209 shares in its portfolio. Moreover, Natl Bank Of Montreal Can has 0% invested in CryoLife, Inc. (NYSE:CRY). State Board Of Administration Of Florida Retirement Sys owns 30,287 shares. Comerica Bankshares holds 0.01% or 35,636 shares. Goldman Sachs Grp invested in 0% or 136,956 shares. Pnc Fincl Group Inc Inc invested 0% in CryoLife, Inc. (NYSE:CRY). D E Shaw holds 0% or 19,696 shares. Geode Capital Mgmt Lc owns 301,474 shares for 0% of their portfolio. Citadel Advisors Limited Liability Com holds 0% or 37,366 shares in its portfolio.

Since April 17, 2018, it had 0 insider purchases, and 25 selling transactions for $9.83 million activity. Shares for $48,000 were sold by RONALD C ELKINS. Horton Amy had sold 4,000 shares worth $103,764. $337,924 worth of CryoLife, Inc. (NYSE:CRY) shares were sold by LEE DAVID ASHLEY. Capps Scott B sold $215,921 worth of stock or 6,332 shares. MORGAN HARVEY sold $325,433 worth of stock. The insider Davis John E sold 4,373 shares worth $122,444.

The stock of CryoLife, Inc. (CRY) formed an up wedge with $37.24 target or 7.00 % above today’s $34.80 share price. The 5 months wedge indicates low risk for the $1.28 billion company. If the $37.24 price target is reached, the company will be worth $89.60 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 increased 1.31% or $0.45 during the last trading session, reaching $34.8. About 107,697 shares traded. CryoLife, Inc. (NYSE:CRY) has risen 50.44% since September 16, 2017 and is uptrending. It has outperformed by 34.82% the S&P500.

Analysts await CryoLife, Inc. (NYSE:CRY) to report earnings on October, 29. They expect $0.06 earnings per share, down 25.00 % or $0.02 from last year’s $0.08 per share. CRY’s profit will be $2.21M for 145.00 P/E if the $0.06 EPS becomes a reality. After $0.10 actual earnings per share reported by CryoLife, Inc. for the previous quarter, Wall Street now forecasts -40.00 % negative EPS growth.

CryoLife, Inc., together with its subsidiaries, makes and distributes medical devices worldwide. The company has market cap of $1.28 billion. It also processes and distributes implantable human tissues for use in cardiac and vascular surgeries. It currently has negative earnings. The firm operates in two divisions, Medical Devices and Preservation Services.

CryoLife, Inc. (NYSE:CRY) Institutional Positions Chart

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