What’s Next for Powershares Global Etf Trust123 (PIZ) After Forming Double Top Pattern?

November 15, 2017 - By Michael Collier

The chart of Powershares Global Etf Trust123 (PIZ) shows a double top with $28.52 target or 5.00 % above today’s $27.16 share price. The 5 months chart pattern indicates low risk for the $230.86M company. It was reported on Nov, 15 by Finviz.com. If the $28.52 price target is reached, the company will be worth $11.54 million more. Double tops are rare but powerful chart patterns.

It closed at $27.16 lastly. It is down 10.56% since November 15, 2016 and is uptrending. It has underperformed by 6.14% the S&P500.

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