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: which released: “Canon is Now Oversold” on July 07, 2017, also with their article: “Relative Strength Alert For KB Financial Group” published on September 05, 2017, 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: and their article: “RSI Alert: China Life Insurance (LFC) Now Oversold” published on November 04, 2016 as well as‘s news article titled: “Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Ex-Dividend Date …” with publication date: June 23, 2017.

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