What’s Ahead for PowerShares S&P SmllCp Utlts Pfo (PSCU) After Forming Bullish Wedge Up?

November 15, 2017 - By Nellie Frank

The stock of PowerShares S&P SmllCp Utlts Pfo (PSCU) formed an up wedge with $56.29 target or 3.00 % above today’s $54.65 share price. The 7 months wedge indicates low risk for the $51.97M company. If the $56.29 price target is reached, the company will be worth $1.56M 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 1,631 shares traded. PowerShares S&P SmllCp Utlts Pfo (NASDAQ:PSCU) has risen 17.05% since November 15, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

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