iShares Core Total USD Bond Market ETF (IUSB)’s Multiple Bottom Points to Higher Stock Risks

April 17, 2018 - By Kurt Siggers

The stock of iShares Core Total USD Bond Market ETF (IUSB) shows a multiple bottoms pattern with $47.23 target or 5.00 % below today’s $49.72 share price. The 5 months chart pattern indicates high risk for the $2.10B company. It was reported on Apr, 17 by Finviz.com. If the $47.23 price target is reached, the company will be worth $105.00 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The ETF decreased 0.04% or $0.02 during the last trading session, reaching $49.72. About 64,995 shares traded. iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) has declined 1.25% since April 17, 2017 and is downtrending. It has underperformed by 12.80% the S&P500.

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