Is Major Move Coming For BLDRS Asia 50 ADR Index (ETF) (ADRA) After This Wedge Up?

September 17, 2017 - By test

The stock of BLDRS Asia 50 ADR Index (ETF) (ADRA) formed an up wedge with $34.91 target or 5.00 % above today’s $33.25 share price. The 8 months wedge indicates low risk for the $23.28M company. If the $34.91 price target is reached, the company will be worth $1.16M 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 0.82% or $0.27 on September 15, reaching $33.25. About 282 shares traded. BLDRS Asia 50 ADR Index (ETF) (NASDAQ:ADRA) has risen 23.05% since September 17, 2016 and is uptrending. It has outperformed by 6.35% the S&P500.

More notable recent BLDRS Asia 50 ADR Index (ETF) (NASDAQ:ADRA) news were published by: Nasdaq.com which released: “Canon is Now Oversold” on July 07, 2017, also Nasdaq.com with their article: “Relative Strength Alert For KB Financial Group” published on September 05, 2017, Forbes.com published: “Sony is Now Oversold (SNE)” on November 09, 2016. More interesting news about BLDRS Asia 50 ADR Index (ETF) (NASDAQ:ADRA) were released by: Forbes.com and their article: “RSI Alert: China Life Insurance (LFC) Now Oversold” published on November 04, 2016 as well as Nasdaq.com‘s news article titled: “Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Ex-Dividend Date …” with publication date: June 23, 2017.

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: