Bearish Chart Formation for iShares Core Total USD Bond Market ETF (IUSB) After Forming Double Bottom

October 2, 2018 - By Linda Rogers

The chart of iShares Core Total USD Bond Market ETF (IUSB) shows a double bottom with $45.13 target or 8.00 % below today’s $49.05 share price. The 6 months chart pattern indicates high risk for the $2.33B company. It was reported on Oct, 2 by Finviz.com. If the $45.13 price target is reached, the company will be worth $186.40 million less. Double bottoms are rare but powerful chart patterns.

The ETF increased 0.14% or $0.0701 during the last trading session, reaching $49.0501. About 44,277 shares traded. iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) has declined 3.94% since October 2, 2017 and is downtrending. It has underperformed by 19.56% the S&P500.

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