iShares MSCI EAFE ESG Optimized ETF (ESGD)’s Stock Formed A Several Months Bullish Wedge Up Chart Pattern

November 15, 2017 - By Linda Rogers

The stock of iShares MSCI EAFE ESG Optimized ETF (ESGD) formed an up wedge with $72.10 target or 9.00 % above today’s $66.15 share price. The 9 months wedge indicates low risk for the $126.77M company. If the $72.10 price target is reached, the company will be worth $11.41M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 2,114 shares traded. iShares MSCI EAFE ESG Optimized ETF (NASDAQ:ESGD) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Another recent and important iShares MSCI EAFE ESG Optimized ETF (NASDAQ:ESGD) news was published by Bloomberg.com which published an article titled: “BlackRock Makes Steep Fee Cuts to Socially Responsible ETFs” on August 08, 2017.

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