Is iShares International Dev Real Est ETF (IFGL)’s Fuel Running Low? The Stock Formed Ascending Triangle

December 8, 2017 - By Darrin Black

The stock of iShares International Dev Real Est ETF (IFGL) formed an ascending triangle with $28.09 target or 6.00 % below today’s $29.88 share price. The 5 months triangle pattern indicates high risk for the $623.76M company. If the $28.09 price target is reached, the company will be worth $37.43 million 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.

The ETF increased 0.03% or $0.008 during the last trading session, reaching $29.878. About 44,117 shares traded. iShares International Dev Real Est ETF (NASDAQ:IFGL) has declined 1.00% since December 8, 2016 and is downtrending. It has underperformed by 17.70% the S&P500.

More notable recent iShares International Dev Real Est ETF (NASDAQ:IFGL) news were published by: Seekingalpha.com which released: “REITs — Part 1: Rank Equity REIT ETFs By Total Return And Volatility-Based …” on May 14, 2012, also Seekingalpha.com with their article: “Replicating Yale’s Endowment Portfolio With Accessible Instruments (2016 Update)” published on April 19, 2016, Etfdb.com published: “Ultimate Guide To Vanguard REIT ETF (VNQ)” on November 19, 2012. More interesting news about iShares International Dev Real Est ETF (NASDAQ:IFGL) were released by: Seekingalpha.com and their article: “International REIT Face-Off Finale” published on March 06, 2015 as well as Etfdb.com‘s news article titled: “REIT Investing with ETFs: An ETFdb.com Guide” with publication date: May 19, 2014.

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