What’s in PowerShares Exchange-Traded Fund Trust II (IPKW) After Forming Wedge Up Pattern?

November 15, 2017 - By Hazel Jackson

The stock of PowerShares Exchange-Traded Fund Trust II (IPKW) formed an up wedge with $37.18 target or 6.00 % above today’s $35.08 share price. The 6 months wedge indicates low risk for the $194.81M company. If the $37.18 price target is reached, the company will be worth $11.69 million 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 2,234 shares traded. PowerShares Exchange-Traded Fund Trust II (NASDAQ:IPKW) has risen 18.33% since November 15, 2016 and is uptrending. It has outperformed by 1.63% the S&P500.

More news for PowerShares Exchange-Traded Fund Trust II (NASDAQ:IPKW) were recently published by: Etfdailynews.com, which released: “Are Low Volatility ETFs Actually Safer? (SPLV)” on November 04, 2017. Nasdaq.com‘s article titled: “PowerShares Exchange-Traded Fund Trust II PowerShares S&P Smal (PSCH) Ex …” and published on September 19, 2013 is yet another important article.

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