Crawford & Company (CRD-A)’s Wedge Up Pattern Points to Lower Stock Risks

The stock of Crawford & Company (CRD-A) formed an up wedge with $11.76 target or 8.00 % above today’s $10.89 share price. The 5 months wedge indicates low risk for the $557.69 million company. If the $11.76 price target is reached, the company will be worth $44.62 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 0.27% or $0.03 during the last trading session, reaching $10.89. About 16,922 shares traded. Crawford & Company (NYSE:CRD.A) has risen 19.15% since December 4, 2018 and is uptrending. It has outperformed by 19.15% the S&P500.

More notable recent Crawford & Company (NYSE:CRD.A) news were published by: Benzinga.com which released: “Stocks That Hit 52-Week Highs On Tuesday – Benzinga” on December 03, 2019, also Globenewswire.com with their article: “Crawford & Company® Named Exclusive Provider of CAT Claims for Frontline Insurance® – GlobeNewswire” published on October 24, 2019, Seekingalpha.com published: “A Possible Pair Trade In Crawford & Company – Seeking Alpha” on October 07, 2016. More interesting news about Crawford & Company (NYSE:CRD.A) were released by: Finance.Yahoo.com and their article: “Is Arcus Biosciences, Inc. (RCUS) A Good Stock To Buy? – Yahoo Finance” published on May 09, 2019 as well as Globenewswire.com‘s news article titled: “Crawford & Company Reports 2019 First Quarter Results NYSE:CRD-A – GlobeNewswire” with publication date: May 06, 2019.

Crawford & Company provides claims management solutions to insurance companies and self-insured entities worldwide. The company has market cap of $557.69 million. The firm operates through four divisions: U.S. It has a 18.74 P/E ratio. Services, International, Broadspire, and Garden City Group.