Is Buying First Trust Dorsey Wright Intl Foc 5 (IFV) Here a Winning Strategy? The Stock Formed Bullish Wedge Up Pattern

December 13, 2017 - By Adrian Erickson

The stock of First Trust Dorsey Wright Intl Foc 5 (IFV) formed an up wedge with $23.26 target or 7.00 % above today’s $21.74 share price. The 8 months wedge indicates low risk for the $858.57M company. If the $23.26 price target is reached, the company will be worth $60.10 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 decreased 0.32% or $0.07 during the last trading session, reaching $21.74. About 94,272 shares traded. First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) has risen 16.89% since December 13, 2016 and is uptrending. It has outperformed by 0.19% the S&P500.

More notable recent First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) news were published by: Etfdailynews.com which released: “A 5-Star Dividend Achiever ETF That’s Flying Under The Radar (RDVY)” on September 03, 2017, also Benzinga.com with their article: “Focus 5 ETF Gets A Dynamic Counterpart” published on March 21, 2016, Streetinsider.com published: “Form 40-17G/A FIRST TRUST EXCHANGE-TRA” on November 09, 2017. More interesting news about First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) were released by: Businesswire.com and their article: “First Trust Dividend and Income Fund’s Board Approves Merger into First Trust …” published on March 18, 2016 as well as Businesswire.com‘s news article titled: “First Trust Advisors LP Announces Distributions for Exchange-Traded Funds” with publication date: November 09, 2017.

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