Traders Are Bearish iShares 20+ Year Treasury Bond ETF (TLT) After The Stock Formed Double Bottom Chart Pattern

May 21, 2018 - By Lynda A. Deweese

The chart of iShares 20+ Year Treasury Bond ETF (TLT) shows a double bottom with $111.18 target or 5.00 % below today’s $117.03 share price. The 9 months chart pattern indicates high risk for the $7.85B company. It was reported on May, 21 by Finviz.com. If the $111.18 price target is reached, the company will be worth $392.50 million less. Double bottoms are rare but powerful chart patterns.

The ETF decreased 0.15% or $0.18 during the last trading session, reaching $117.03. About 2.41 million shares traded. iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has declined 0.36% since May 21, 2017 and is downtrending. It has underperformed by 11.91% the S&P500.

More notable recent iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) news were published by: Etfdailynews.com which released: “Interest Rates Are Testing 25-Year Resistance (TLT)” on April 27, 2018, also Etfdailynews.com with their article: “Regulatory Changes Put Spotlight On Bond Pricing, Disclosure” published on May 12, 2018, Seekingalpha.com published: “Sentiment Speaks: The Fed May Not Be Raising Rates In The 2nd Half Of 2018” on April 27, 2018. More interesting news about iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) were released by: Etfdailynews.com and their article: “Should Investors Worry That The 10-Year Treasury Crossed Over 3%?” published on May 02, 2018 as well as Etfdailynews.com‘s news article titled: “Why The Fed Continues To Punish Savers With Low Interest Rates (TLT)” with publication date: May 01, 2018.

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