Could Credit Suisse AG – VelocityShares 3x Long Silver ETN (USLV) Decrease Even More? The Stock Formed Bearish Double Bottom Pattern

June 19, 2017 - By Vivian Park

The chart of Credit Suisse AG – VelocityShares 3x Long Silver ETN (USLV) shows a double bottom with $11.33 target or 5.00 % below today’s $11.93 share price. The 9 months chart pattern indicates high risk for the $225.24 million company. It was reported on Jun, 19 by Finviz.com. If the $11.33 price target is reached, the company will be worth $11.26M less. Double bottoms are rare but powerful chart patterns.

About 146,673 shares traded. Credit Suisse AG – VelocityShares 3x Long Silver ETN (NASDAQ:USLV) has declined 17.16% since June 19, 2016 and is downtrending. It has underperformed by 33.86% the S&P500.

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