PowerShares DWA Technical Ldrs Pf (ETF) (PDP)’s Stock Formed A Several Months Bullish Double Top

September 17, 2017 - By Marguerite Chambers

The chart of PowerShares DWA Technical Ldrs Pf (ETF) (PDP) shows a double top with $52.85 target or 9.00 % above today’s $48.49 share price. The 7 months chart pattern indicates low risk for the $1.41 billion company. It was reported on Sep, 17 by Finviz.com. If the $52.85 price target is reached, the company will be worth $126.90 million more. Double tops are rare but powerful chart patterns.

The ETF increased 0.29% or $0.14 on September 15, reaching $48.49. About 47,179 shares traded. PowerShares DWA Technical Ldrs Pf (ETF) (NASDAQ:PDP) has risen 12.64% since September 17, 2016 and is uptrending. It has underperformed by 4.06% the S&P500.

More recent PowerShares DWA Technical Ldrs Pf (ETF) (NASDAQ:PDP) news were published by: Benzinga.com which released: “Riding The Bull Market With These 2 Momentum ETFs” on November 20, 2014. Also Etfdailynews.com published the news titled: “Comparing Investor Options in the Momentum ETF Space” on September 21, 2016. Benzinga.com‘s news article titled: “Low Volatility And Momentum Meet In This New ETF” with publication date: July 15, 2016 was also an interesting one.

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