Is iShares MSCI EAFE ESG Optimized ETF (ESGD) a Buy? The Stock Formed Bullish Wedge Up

December 7, 2017 - By Marry Poplack

The stock of iShares MSCI EAFE ESG Optimized ETF (ESGD) formed an up wedge with $73.17 target or 9.00 % above today’s $67.13 share price. The 9 months wedge indicates low risk for the $127.38M company. If the $73.17 price target is reached, the company will be worth $11.46M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The ETF increased 0.22% or $0.15 during the last trading session, reaching $67.13. About 10,040 shares traded. iShares MSCI EAFE ESG Optimized ETF (NASDAQ:ESGD) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

Another recent and important iShares MSCI EAFE ESG Optimized ETF (NASDAQ:ESGD) news was published by Bloomberg.com which published an article titled: “BlackRock Makes Steep Fee Cuts to Socially Responsible ETFs” on August 08, 2017.

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