Is Major Move Coming For Powershares Water Resource Portfolio (PHO) After This Wedge Up Chart Pattern?

June 19, 2017 - By Hazel Jackson

The stock of Powershares Water Resource Portfolio (PHO) formed an up wedge with $28.96 target or 6.00 % above today’s $27.32 share price. The 8 months wedge indicates low risk for the $816.75M company. If the $28.96 price target is reached, the company will be worth $49.01M 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%.

About 3,492 shares traded. Powershares Water Resource Portfolio (NASDAQ:PHO) has risen 17.77% since June 19, 2016 and is uptrending. It has outperformed by 1.07% the S&P500.

More notable recent Powershares Water Resource Portfolio (NASDAQ:PHO) news were published by: Seekingalpha.com which released: “PHO: No Wonder Why It Underperformed” on February 13, 2017, also Seekingalpha.com with their article: “A Guide To Investing In Water” published on November 30, 2016, Marketwatch.com published: “PowerShares Water Resources Portfolio” on June 06, 2010. More interesting news about Powershares Water Resource Portfolio (NASDAQ:PHO) were released by: Seekingalpha.com and their article: “Single Largest Environmental Investment Opportunity” published on September 06, 2016 as well as Benzinga.com‘s news article titled: “California Drought And Water ETFs” with publication date: April 07, 2015.

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