After Forming Bearish H&S Pattern, Is Invesco International Div Achiev ETF (PID)’s Near-Term Analysis Negative?

June 19, 2018 - By Hazel Jackson

The stock of Invesco International Div Achiev ETF (PID) formed H&S with $14.12 target or 9.00 % below today’s $15.52 share price. The 7 months Head & Shoulders indicates high risk for the $825.01M company. It was reported on Jun, 19 by Faxor.com. If the $14.12 price target is reached, the company will be worth $74.25M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The ETF increased 0.72% or $0.11 during the last trading session, reaching $15.52. About 121,763 shares traded. Invesco International Div Achiev ETF (NASDAQ:PID) has risen 2.67% since June 19, 2017 and is uptrending. It has underperformed by 9.90% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: