Is International MA Divers Inc ETF (YDIV) a Sell? The Stock Formed Bearish Wedge Down Chart Pattern

December 8, 2017 - By Louis Casey

The stock of International MA Divers Inc ETF (YDIV) formed a down wedge with $16.84 target or 9.00 % below today’s $18.50 share price. The 9 months wedge indicates high risk for the $14.73 million company. If the $16.84 price target is reached, the company will be worth $1.33M 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 closed at $18.5 lastly. It is down 2.14% since December 8, 2016 and is uptrending. It has underperformed by 14.56% the S&P500.

Another recent and important International MA Divers Inc ETF (NASDAQ:YDIV) news was published by which published an article titled: “Focus 5 ETF Gets A Dynamic Counterpart” on March 21, 2016.

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