iShares Fallen Angels USD Bond ETF (FALN)’s Wedge Up Chart Pattern Points to Lower Stock Risks

September 17, 2017 - By Dolores Ford

The stock of iShares Fallen Angels USD Bond ETF (FALN) formed an up wedge with $29.59 target or 7.00 % above today’s $27.65 share price. The 8 months wedge indicates low risk for the $11.06M company. If the $29.59 price target is reached, the company will be worth $774,200 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 0.14% or $0.04 on September 15, reaching $27.65. About 3,227 shares traded. iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) news were published by: Etftrends.com which released: “iShares Rolls Out Fallen Angel, Ex-Energy Bond ETFs” on June 16, 2016, also Etftrends.com with their article: “Battle Between Fallen Angel ETFs Heats Up as VanEck Joins Fee War” published on June 20, 2016, Bloomberg.com published: “BlackRock Makes Steep Fee Cuts to Socially Responsible ETFs” on August 08, 2017. More interesting news about iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) were released by: Benzinga.com and their article: “Amid Asset Surge, Fallen Angel Bond ETF Trims Fees” published on June 21, 2016 as well as Reuters.com‘s news article titled: “‘Fallen angel’ ETFs bet big on further energy renaissance” with publication date: July 07, 2016.

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