NASDAQ:EDBI', 'Legg Mason Emerging Mkts Divers Cor ETF', '');

Can Legg Mason Emerging Mkts Divers Cor ETF (EDBI)’s Tomorrow be Different? The Stock Formed a Bearish Ascending Triangle Pattern

December 8, 2017 - By Darrin Black

The stock of Legg Mason Emerging Mkts Divers Cor ETF (EDBI) formed an ascending triangle with $31.15 target or 3.00 % below today’s $32.11 share price. The 9 months triangle pattern indicates high risk for the $16.05M company. If the $31.15 price target is reached, the company will be worth $481,500 less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

It closed at $32.111 lastly. It is down 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Legg Mason Emerging Mkts Divers Cor ETF (NASDAQ:EDBI) news were published by: which released: “Legg Mason Launches First Suite Of ETF Products” on January 05, 2016, also with their article: “The full list of 2017 Lipper Fund Awards winners” published on March 24, 2017, published: “A New Legg Mason ETF for Expanding Global Infrastructure” on December 30, 2016. More interesting news about Legg Mason Emerging Mkts Divers Cor ETF (NASDAQ:EDBI) were released by: and their article: “Smart Beta ETFs Could Help Soften Bumps in an Extended Bull Market” published on March 29, 2017 as well as‘s news article titled: “7 Things To Know About Smart Beta” with publication date: April 23, 2017.

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