How Analysts Feel About iShares JP Morgan USD Em Mkts Bd ETF (EMB) After Forming Bearish Multiple Bottom Chart Pattern?

October 2, 2018 - By Louis Casey

The stock of iShares JP Morgan USD Em Mkts Bd ETF (EMB) shows a multiple bottoms pattern with $97.70 target or 9.00 % below today’s $107.36 share price. The 5 months chart pattern indicates high risk for the $13.58 billion company. It was reported on Oct, 2 by Finviz.com. If the $97.70 price target is reached, the company will be worth $1.22B less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The ETF increased 0.42% or $0.45 during the last trading session, reaching $107.36. About 2.94M shares traded. iShares JP Morgan USD Em Mkts Bd ETF (NASDAQ:EMB) has declined 9.66% since October 2, 2017 and is downtrending. It has underperformed by 25.28% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>