IQ Chaikin US Small Cap ETF (CSML) Forms Bullish Double Top Chart Pattern; Strong Momentum for Buyers Coming

June 15, 2018 - By Louis Casey

The chart of IQ Chaikin US Small Cap ETF (CSML) shows a double top with $32.07 target or 9.00 % above today’s $29.42 share price. The 7 months chart pattern indicates low risk for the $503.34 million company. It was reported on Jun, 15 by Finviz.com. If the $32.07 price target is reached, the company will be worth $45.30 million more. Double tops are rare but powerful chart patterns.

The ETF decreased 0.07% or $0.0193 during the last trading session, reaching $29.4207. About 2,477 shares traded. IQ Chaikin US Small Cap ETF (NASDAQ:CSML) has risen 14.70% since June 15, 2017 and is uptrending. It has outperformed by 2.13% the S&P500.

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