Traders Are Bearish WisdomTree Emerging Mkts Qual Div Gr ETF (DGRE) After The Stock Formed Bearish Wedge Down Chart Pattern

June 18, 2018 - By Nellie Frank

The stock of WisdomTree Emerging Mkts Qual Div Gr ETF (DGRE) formed a down wedge with $22.98 target or 9.00 % below today’s $25.25 share price. The 6 months wedge indicates high risk for the $80.32 million company. If the $22.98 price target is reached, the company will be worth $7.23 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The ETF decreased 1.59% or $0.408 during the last trading session, reaching $25.252. About 3,120 shares traded. WisdomTree Emerging Mkts Qual Div Gr ETF (NASDAQ:DGRE) has risen 9.00% since June 18, 2017 and is uptrending. It has underperformed by 3.57% the S&P500.

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