Is iShares MSCI EAFE Small-Cap ETF (SCZ) a Buy? The Stock Formed Wedge Up Chart Pattern

September 17, 2017 - By Hazel Jackson

The stock of iShares MSCI EAFE Small-Cap ETF (SCZ) formed an up wedge with $64.41 target or 5.00 % above today’s $61.34 share price. The 9 months wedge indicates low risk for the $9.32 billion company. If the $64.41 price target is reached, the company will be worth $466.00M 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 0.10% or $0.06 on September 15, reaching $61.34. About 374,840 shares traded. iShares MSCI EAFE Small-Cap ETF (NASDAQ:SCZ) has risen 15.86% since September 17, 2016 and is uptrending. It has underperformed by 0.84% the S&P500.

More notable recent iShares MSCI EAFE Small-Cap ETF (NASDAQ:SCZ) news were published by: Nasdaq.com which released: “Millie Capital Management, Llc Buys Vanguard FTSE All World Ex US, iShares …” on August 16, 2017, also Nasdaq.com with their article: “SCZ, INXN, WIX, ORBK: ETF Inflow Alert” published on September 14, 2017, Gurufocus.com published: “Millie Capital Management, Llc Buys Vanguard FTSE All World Ex US, iShares …” on August 16, 2017. More interesting news about iShares MSCI EAFE Small-Cap ETF (NASDAQ:SCZ) were released by: Benzinga.com and their article: “Where Smaller Is Better” published on August 16, 2017 as well as Benzinga.com‘s news article titled: “Where Small Caps Are Working” with publication date: March 21, 2017.

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