Market Read®

  • Tuesday, September 27 2016

This prediction has passed its maturity date!

This prediction was valid between April 04, 2013 and February 21, 2013. All information in this report is for reference only and should not be considered forward looking.

(NASDAQ: SRDX)

Surmodics


Bearish

SurModics, Inc., together with its subsidiaries, provides surface modification and in vitro diagnostic technologies to the healthcare industry worldwide. It operates through two segments, Medical Device and In Vitro Diagnostics. The Medical Device segment offers surface modification coating technologies to enhance access, deliverability, and predictable deployment of medical devices, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device for the coronary, peripheral, neuro-vascular, urology, and other markets. This segment also engages in the contract research, development, and manufacture of percutaneous transluminal angioplasty balloon catheters for use in various interventional cardiology applications. The Vitro Diagnostics segment provides component products and technologies that include protein stabilization reagents, substrates, antigens, and surface coatings for diagnostic immunoassay and molecular tests, as well as to the diagnostic, biomedical research, and life science markets. The company markets its technologies and products through direct sales force consisting of sales professionals. SurModics, Inc. was founded in 1979 and is headquartered in Eden Prairie, Minnesota.

Investment Highlights

  • PATTERN SCAN predicts the price of SRDX expected to move down in the coming weeks based on the appearance of a 'Resistance Break(1)' pattern. Specifically, a Reversal (Stocks) DWC variant of Resistance Break(1) has been detected. The target is $22.65. more
  • VALUATION SRDX has a current calculated value of $11.44 which means the stock is overvalued compared to its price of $29.26.

Predictive Range February 11, 2013 - February 21, 2013

Anticipated price movement, between prediction date and target date, based on all market reads.
$23.82 - $22.65

How WealthMakers Market Reads Work:

WealthMakers Market Reads™ provide you with market performance predictions based on proprietary technologies, trading algorithms and data to help you make better, more informed investment decisions. Here's a quick review of our predictive technologies:

  • EARNINGS Most stock price histories show random or unpredictable movements around earnings reports. But some repeat the same pattern quarter after quarter, year after year. Earnings predicts probability, price move and length of move before and after all US stock earnings reports.
  • FRICTION FACTOR Friction Factor is based on the relationship between the price of a stock and the volume at which it's bought and sold. Normal and abnormal Friction factor patterns can help you time your buying and selling decisions for maximum earnings potential.
  • GATS The Global Automated Trading System (GATS) combines neural networks and genetic algorithms to reduce investment risks. GATS selects the highest probability trades in stocks, bonds, options, commodities, currencies and private equities, delivering precise, predictive and profitable data.
  • GROUP SECTOR Certain institutions can exert buying or selling pressure over an entire industry group, pushing prices higher. Group Sector identifies stocks that most closely match their group's movement and generate powerful group consensus trading signals to help you profit from the herd mentality.
  • PATTERN SCAN This technology automatically tracks "Trigger Events" that positively or negatively affect the value of a stock — or its perceived value among analysts — ranging from price fluctuations to natural disasters and political shifts. The results reveal patterns that can predict market movements.
  • EVENTS Events describe the current technical situation in your stock. It displays the technicals, trend conditions and seasonal factors and automatically discovers how that stock has performed in the trading days following the occurrences of the event or combination of events. This technology automatically scans using complex historical queries based on what event is taking place right now in the stock. It then displays the probability, expected return and number of trading days for the expected move.
  • RegSHO NAKED SHORTS SEC Regulation SHO mandates that if a clearing agent holds a fail-to-deliver position for 13 consecutive settlement days, it must purchase securities to close out its position, a.k.a. a forced cover. WealthMakers aggregates data from NYSE, AMEX, NASDAQ, OTCBB and PINKSHEETS to track stocks that are about to have forced covers.
  • SEASONALITY Seasonality analyzes more than 20 years of data to determine if stocks have a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias.
  • SQUEEZE TRIGGER Our proprietary database of more than 3,500,000,000 short sale transactions allows us to calculate the exact price at which the total short interest is short in each stock. Squeeze Trigger Alerts let you know exactly when a short squeeze will start and how to trade profitably.
  • VALUATION A stock's value is a function of its forecasted earnings per share and forecasted earnings growth, as well as profitability, interest and inflation rates. Valuation use these metrics to determine at what price a stock is undervalued or overvalued, so that you can make investment decisions accordingly.
  • INSIDER Significant stock sales or purchases by company "insiders" (officers or directors) can be a predictor of future price movements — up or down. The Insider strategy tracks these actions and correlates them with historical data to give you an investment edge.

Pattern Scan

 

Tracks "Trigger Events" that positively or negatively affect the value of a stock.

Surmodics (NASDAQ: SRDX) is predicted to go down in coming weeks based on bearish technical trends that have appeared in the recent performance of the stock. SRDX has demonstrated Resistance Break(1) strategy Reversal (Stocks) DWC with a strength of 4.0/5. The higher the strength, the higher the probability of an accurate prediction.

  • The price of SRDX expected to move down in the coming weeks.
  • PatternScan has detected that a 'Reversal (Stocks) DWC' pattern has appeared.
  • Specifically, a Reversal (Stocks) DWC variant of Resistance Break(1) has been detected.
  • This indicates a high probablity that SRDX will move down in the coming weeks.

Squeeze Trigger

 

We have a proprietary database of all trading in US stocks and maintain massive databases of short sale and naked short sale time and sales data, along with short squeeze SqueezeTrigger prices. We are the only firm that knows the exact price that a short squeeze will start in every US stock.

The Cumulative Squeeze Trigger price for SRDX is 19.05.

Date Short Volume Short Value SqueezeTrigger
2016-07-31 246205 6052555.997 24.5834
2016-06-30 559070 12997482.988 23.2484
2016-05-31 599952 13454643.5424 22.4262
2016-04-30 367045 7275125.536 19.8208
2016-03-31 460100 8505362.59 18.4859
2016-02-29 419335 8022759.1535 19.1321
2016-01-31 769114 14719457.5548 19.1382
2015-12-31 620366 12771350.7688 20.5868
2015-11-30 337276 7254975.398 21.5105
2015-10-31 440211 9531492.5931 21.6521
2015-09-30 589132 13641763.8524 23.1557
2015-08-31 610131 14426059.3902 23.6442
2015-07-31 453457 10695463.5305 23.5865
2015-06-30 707207 16965683.7679 23.9897
2015-05-31 687445 17146184.4455 24.9419
2015-04-30 529294 13931759.0916 26.3214
2015-03-31 662085 16943152.401 25.5906
2015-02-28 359004 8516400.5892 23.7223
2015-01-31 617762 13604231.2116 22.0218
2014-12-31 261716 5659765.5296 21.6256

Friction Factor

 

Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. It shows us how many more shares of buying than selling it takes to move a stock higher by 1 cent, or how many more shares of selling than buying it takes to drop a stock by 1 cent.
Here is how to understand Friction Factor:

  • If Friction Factor is positive, more buying than selling caused SRDX's price to rise
  • If Friction Factor is negative, more selling than buying caused SRDX's price to fall
  • If Friction Factor is 0, there was no discernable activity either way
  • If Friction Factor is abnormal, it means that more buying than selling caused the price to drop which is evidence of manipulative activity. In some cases more selling than buying can cause the price to increase. While this is rare, it must be noted as well. Friction Factor raw data.

Date Change Buy Vol Sell Vol Net Vol Friction
2016-07-22 -0.41 6595 6492 103 Bearish Bias
2016-07-21 0.48 13917 28706 -14789 Bullish Bias
2016-07-20 0.2 7132 8100 -968 Bullish Bias
2016-07-19 -0.44 14234 19136 -4902 -111.4090909
2016-07-18 -0.21 7897 9101 -1204 -57.33333333
2016-07-15 0.02 13064 22941 -9877 Bullish Bias
2016-07-14 -0.14 19010 14220 4790 Bearish Bias
2016-07-13 0.17 11489 6417 5072 298.3529412
2016-07-12 0.08 20044 14957 5087 635.875
2016-07-11 0.13 7840 4300 3540 272.3076923
2016-07-08 0.76 19269 10511 8758 115.2368421
2016-07-07 -0.46 8100 12208 -4108 -89.30434783
2016-07-06 0.56 12549 10526 2023 36.125
2016-07-05 -0.28 3413 9990 -6577 -234.8928571
2016-07-01 0.6 27213 11972 15241 254.0166667
2016-06-30 -0.14 26721 19771 6950 Bearish Bias
2016-06-29 0.07 71555 21912 49643 7091.857143
2016-06-28 0.34 19134 16166 2968 87.29411765
2016-06-27 -0.11 21214 21518 -304 -27.63636364
2016-06-24 -0.74 19020 103337 -84317 -1139.418919

Valuation

 

Value is a measure of a stock's current worth. SRDX has a current value of 11.44 per share. Therefore, it is overvalued compared to its Price of $29.26 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease.

General Results

 

Past success in predictions regarding all predictions on the WealthMakers platform.

Our prediction engine has a track record that is second to none. See for our results.

Read Type Avg Return Avg Maturity Days Hits Misses % Accurate
Insider 18.056 82.74 16521 789 95.44%
SqueezeTrigger 14.979 21.75 11448 879 92.87%
Valuation 19.577 27.08 4010 317 92.67%
Seasonality 11.025 15.21 59747 6821 89.75%
Group Correlation 8.203 15.15 13051 1575 89.23%
PatternScan 12.131 11.42 244709 39293 86.16%
Events 9.822 11.16 4697 834 84.92%
GATS 8.639 7.88 89677 21196 80.88%
Earnings 12.952 10.46 24173 5882 80.43%
Naked Shorts 19.925 10.98 2884 788 78.54%
Friction Factor 10.578 3.62 8516 2618 76.49%

Prediction Success

 

Past success in predictions regarding Surmodics.

  • May 25, 2016 - SurModics Inc (NASDAQ:SRDX), Up After ${brandname}.com Report Predicted Stock Would Go Up Due To Conditions Outlined In Our Report

About Wealthmakers

WealthMakers gives institutional and individual investors an exclusive advantage in making precise, predictive and profitable trading decisions. Our proprietary technologies — Earnings, Seasonality, Squeeze Trigger, Group Sector and GATS — apply artificial intelligence, proprietary algorithms, market data and research to help our clients realize exponential returns. Find out more at WealthMakers.com.

All material herein was prepared by WealthMakers, based upon information believed to be reliable. The information contained herein is not guaranteed by WealthMakers to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. WealthMakers is not a registered investment advisor in the State of California. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. WealthMakers or its affiliates may receive compensation from independent third parties, or from the companies mentioned, for data provided in this report or related services. WealthMakers affiliates, officers, directors and employees do not own shares of the company mentioned in this report, but may from time to time buy/sell the shares discussed in this opinion and may profit from those trades. Market commentary provided by Thomas Ronk, a registered investment advisor and commodities trading advisor in California. WealthMakers will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment.

All Rights Reserved. Copyright 2011 WealthMakers

Overview
Last Price$29.26
52 Week Range$19.55 - $25.99
1 Month Range$19.68 - $22.55
Avg Daily Volume75115.0
PE Ratio22.82
 
Earnings Per Share
YearEPS
2016(E)$0.904
 
Capitalization
Shares Outstanding13MM
Market Capitalization$277.90MM
 
 

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