What’s Next for iShares MSCI ACWI ex US Index Fund (ACWX) After Forming Wedge Up?

November 15, 2017 - By Nellie Frank

The stock of iShares MSCI ACWI ex US Index Fund (ACWX) formed an up wedge with $51.41 target or 6.00 % above today’s $48.50 share price. The 9 months wedge indicates low risk for the $2.79 billion company. If the $51.41 price target is reached, the company will be worth $167.40M 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 152,932 shares traded. iShares MSCI ACWI ex US Index Fund (NASDAQ:ACWX) has risen 17.86% since November 15, 2016 and is uptrending. It has outperformed by 1.16% the S&P500.

More recent iShares MSCI ACWI ex US Index Fund (NASDAQ:ACWX) news were published by: Marketwatch.com which released: “48.94” on December 27, 2010. Also Seekingalpha.com published the news titled: “US Vs. Global Stocks: Rolling Return Comparison” on May 17, 2017. Marketwatch.com‘s news article titled: “54.27” with publication date: June 16, 2010 was also an interesting one.

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