What’s Propelling Videocon d2h Limited (VDTH) to Decrease? The Stock Formed a Wedge Down Chart Pattern

March 15, 2018 - By Ellis Scott

The stock of Videocon d2h Limited (VDTH) formed a down wedge with $7.65 target or 6.00 % below today’s $8.14 share price. The 7 months wedge indicates high risk for the $856.67 million company. If the $7.65 price target is reached, the company will be worth $51.40M 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 stock increased 2.01% or $0.16 during the last trading session, reaching $8.14. About 110 shares traded. Videocon d2h Limited (NASDAQ:VDTH) has risen 38.70% since March 15, 2017 and is uptrending. It has outperformed by 22.00% the S&P500.

Another recent and important Videocon d2h Limited (NASDAQ:VDTH) news was published by Nasdaq.com which published an article titled: “Asian ADRs Move Higher in Wednesday Trading” on March 14, 2018.

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