What’s Ahead for First Trust NASDAQ-100 EqualWeighted ETF (QQEW) After Forming Double Top Pattern?

July 18, 2017 - By Kurt Siggers

The chart of First Trust NASDAQ-100 EqualWeighted ETF (QQEW) shows a double top with $58.36 target or 7.00 % above today’s $54.54 share price. The 6 months chart pattern indicates low risk for the $554.39M company. It was reported on Jul, 18 by Finviz.com. If the $58.36 price target is reached, the company will be worth $38.81M more. Double tops are rare but powerful chart patterns.

The ETF decreased 0.15% or $0.08 on July 17, reaching $54.54. About shares traded. First Trust NASDAQ-100 EqualWeighted ETF (NASDAQ:QQEW) has risen 30.06% since July 18, 2016 and is uptrending. It has outperformed by 13.36% the S&P500.

More notable recent First Trust NASDAQ-100 EqualWeighted ETF (NASDAQ:QQEW) news were published by: Nasdaq.com which released: “Evaluating Opportunities In Equal Weight ETFs” on July 14, 2015, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: PowerShares QQQ, First Trust NASDAQ-100 …” published on April 27, 2017, Nasdaq.com published: “Tuesday’s ETF with Unusual Volume: QQEW” on June 27, 2017. More interesting news about First Trust NASDAQ-100 EqualWeighted ETF (NASDAQ:QQEW) were released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: Apple, Google, PowerShares QQQ ETF, First …” published on June 01, 2015 as well as Benzinga.com‘s news article titled: “QQQ Qualifies For New Highs, But Some Investors Miss Out” with publication date: November 04, 2015.

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