NASDAQ:EMIF', 'iShares Emerging Markets Infras ETF', 'http://kldaily.com/kl-logo.png');

Will iShares Emerging Markets Infras ETF (EMIF) Short Squeeze Soon? The Stock Formed a Bearish Wedge Down Pattern

December 8, 2017 - By Hazel Jackson

The stock of iShares Emerging Markets Infras ETF (EMIF) formed a down wedge with $30.49 target or 6.00 % below today’s $32.44 share price. The 9 months wedge indicates high risk for the $45.51 million company. If the $30.49 price target is reached, the company will be worth $2.73 million 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 decreased 0.40% or $0.13 during the last trading session, reaching $32.44. About 2,461 shares traded. iShares Emerging Markets Infras ETF (NASDAQ:EMIF) has risen 6.97% since December 8, 2016 and is uptrending. It has underperformed by 9.73% the S&P500.

More news for iShares Emerging Markets Infras ETF (NASDAQ:EMIF) were recently published by: Seekingalpha.com, which released: “VinaCapital Vietnam Opportunity Fund: Invest In Vietnam’s Growth At A 23% Discount” on November 02, 2015. Etfdailynews.com‘s article titled: “Emerging-Market Stocks Are Very Cheap” and published on March 16, 2016 is yet another important article.

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