What’s in iShares International Treasury Bond ETF (IGOV) After Forming Bullish Wedge Up Chart Pattern?

April 10, 2018 - By Nellie Frank

The stock of iShares International Treasury Bond ETF (IGOV) formed an up wedge with $56.40 target or 9.00 % above today’s $51.74 share price. The 5 months wedge indicates low risk for the $1.03 billion company. If the $56.40 price target is reached, the company will be worth $92.70M 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 ETF increased 0.18% or $0.09 during the last trading session, reaching $51.74. About 228,748 shares traded or 4.47% up from the average. iShares International Treasury Bond ETF (NASDAQ:IGOV) has risen 12.59% since April 10, 2017 and is uptrending. It has outperformed by 1.04% the S&P500.

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