Does WisdomTree Trust (EMCG) Have Any Gas After Forming This Bullish Wedge Up Pattern?

September 17, 2017 - By Migdalia James

The stock of WisdomTree Trust (EMCG) formed an up wedge with $27.93 target or 9.00 % above today’s $25.62 share price. The 8 months wedge indicates low risk for the $37.15 million company. If the $27.93 price target is reached, the company will be worth $3.34 million 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 stock increased 1.00% or $0.25 on September 15, reaching $25.62. About 6,337 shares traded. WisdomTree Trust (NASDAQ:EMCG) has risen 16.17% since September 17, 2016 and is uptrending. It has underperformed by 0.53% the S&P500.

Another recent and important WisdomTree Trust (NASDAQ:EMCG) news was published by Streetinsider.com which published an article titled: “WISDOMTREE TRUST” on September 08, 2017.

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