What’s Ahead for VictoryShares Em Mkt Hi Div Vol Wtd ETF (CEY) After Forming Bearish Wedge Down Pattern?

September 16, 2018 - By Tamara Reed

The stock of VictoryShares Em Mkt Hi Div Vol Wtd ETF (CEY) formed a down wedge with $22.08 target or 7.00 % below today’s $23.74 share price. The 7 months wedge indicates high risk for the $21.58 million company. If the $22.08 price target is reached, the company will be worth $1.51 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The ETF decreased 0.50% or $0.12 during the last trading session, reaching $23.74. About 1,701 shares traded. VictoryShares Em Mkt Hi Div Vol Wtd ETF (NASDAQ:CEY) has 0.00% since September 16, 2017 and is . It has underperformed by 15.62% the S&P500.

VictoryShares Em Mkt Hi Div Vol Wtd ETF (NASDAQ:CEY) Ratings Chart

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