Is ETF Series Solutions (ZMLP)’s Fuel Running Low? The Stock Formed Wedge Down

November 15, 2017 - By Louis Casey

The stock of ETF Series Solutions (ZMLP) formed a down wedge with $39.23 target or 9.00 % below today’s $43.11 share price. The 9 months wedge indicates high risk for the $ company. If the $39.23 price target is reached, the company will be worth $ 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.

It is down 1.19% since November 15, 2016 and is downtrending. It has underperformed by 17.89% the S&P500.

More recent ETF Series Solutions (NASDAQ:ZMLP) news were published by: Seekingalpha.com which released: “How To Avoid The Worst Style ETFs Q1’17” on March 29, 2017. Also Streetinsider.com published the news titled: “Form NSAR-B ETF Series Solutions For: Aug 31” on October 30, 2017. Benzinga.com‘s news article titled: “VIP Status With This New ETF” with publication date: November 07, 2016 was also an interesting one.

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