First Trust Dorsey Wright Intl Foc 5 (IFV) Stock Formed Wedge Up. What To Expect?

January 23, 2018 - By Vivian Currie

The stock of First Trust Dorsey Wright Intl Foc 5 (IFV) formed an up wedge with $25.93 target or 9.00 % above today’s $23.79 share price. The 9 months wedge indicates low risk for the $895.70 million company. If the $25.93 price target is reached, the company will be worth $80.61M 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 0.13% or $0.03 during the last trading session, reaching $23.79. About 3,283 shares traded. First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) has risen 16.89% since January 23, 2017 and is uptrending. It has outperformed by 0.19% the S&P500.

More notable recent First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) news were published by: Marketwatch.com which released: “7 ETFs for your dividend equity buy list” on June 05, 2013, also Fox6now.com with their article: “How President Trump helped bitcoin become more valuable than gold” published on March 06, 2017, Investorplace.com published: “3 Tech Stocks for Retirement: 1 Stock, 1 ETF and 1 Mutual Fund” on August 04, 2017. More interesting news about First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) were released by: Marketwatch.com and their article: “Invest for total return and never look back” published on January 08, 2014 as well as Fool.com‘s news article titled: “The technology dividend ETF niche” with publication date: July 12, 2017.

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