Is iShares Emerging Markets Infras ETF (EMIF)’s Fuel Running High? The Stock Formed Double Top Chart Pattern

February 18, 2018 - By Marguerite Chambers

The chart of iShares Emerging Markets Infras ETF (EMIF) shows a double top with $35.37 target or 6.00 % above today’s $33.37 share price. The 9 months chart pattern indicates low risk for the $42.87 million company. It was reported on Feb, 18 by Finviz.com. If the $35.37 price target is reached, the company will be worth $2.57 million more. Double tops are rare but powerful chart patterns.

The ETF increased 0.89% or $0.295 during the last trading session, reaching $33.365. About 22,297 shares traded or 204.44% up from the average. iShares Emerging Markets Infras ETF (NASDAQ:EMIF) has risen 6.97% since February 18, 2017 and is uptrending. It has underperformed by 9.73% the S&P500.

More notable recent iShares Emerging Markets Infras ETF (NASDAQ:EMIF) news were published by: Etfdailynews.com which released: “Emerging-Market Stocks Are Very Cheap” on March 16, 2016, also Businesswire.com with their article: “State Street Global Advisors Launches Three ‘Innovative Industry’ ETFs …” published on January 03, 2018, Economictimes.Indiatimes.com published: “Fund review: Canara Robeco Infrastructure Fund” on January 24, 2017. More interesting news about iShares Emerging Markets Infras ETF (NASDAQ:EMIF) were released by: Economictimes.Indiatimes.com and their article: “NFO review: ICICI Prudential Bharat 22 ETF” published on November 14, 2017 as well as Economictimes.Indiatimes.com‘s news article titled: “Should you invest in emerging market funds?” with publication date: June 30, 2014.

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