Could FlexShares Disciplined Duration MBS ETF (MBSD) Change Direction After This Bearish Wedge Down

December 8, 2017 - By Michael Collier

The stock of FlexShares Disciplined Duration MBS ETF (MBSD) formed a down wedge with $23.03 target or 3.00 % below today’s $23.74 share price. The 7 months wedge indicates high risk for the $39.19 million company. If the $23.03 price target is reached, the company will be worth $1.18M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The ETF increased 0.09% or $0.022 during the last trading session, reaching $23.742. About 9,381 shares traded or 46.88% up from the average. FlexShares Disciplined Duration MBS ETF (NASDAQ:MBSD) has declined 3.34% since December 8, 2016 and is downtrending. It has underperformed by 20.04% the S&P500.

More notable recent FlexShares Disciplined Duration MBS ETF (NASDAQ:MBSD) news were published by: Etfdb.com which released: “Senior ETF Strategist Abdur Nimeri on FlexShares’ Lineup of ESG-Focused ETFs” on July 18, 2017, also Businesswire.com with their article: “Northern Trust Makes Fee Reductions to Select FlexShares ETFs” published on October 27, 2017, Pionline.com published: “Northern Trust gets a new leader” on October 28, 2017. More interesting news about FlexShares Disciplined Duration MBS ETF (NASDAQ:MBSD) were released by: Businesswire.com and their article: “Northern Trust Appoints Head of ETF Capital Markets for FlexShares” published on December 04, 2017 as well as Etfdailynews.com‘s news article titled: “A Deeper Look At FlexShares’ ETF Philosophy (GUNR)” with publication date: June 06, 2017.

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