Time to Sell VictoryShares Em Mkt Hi Div Vol Wtd ETF (CEY) After The Completion of This Wedge Down Pattern?

October 2, 2018 - By Louis Casey

The stock of VictoryShares Em Mkt Hi Div Vol Wtd ETF (CEY) formed a down wedge with $22.59 target or 4.00 % below today’s $23.53 share price. The 7 months wedge indicates high risk for the $21.58M company. If the $22.59 price target is reached, the company will be worth $863,200 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 increased 0.19% or $0.05 during the last trading session, reaching $23.53. About 4,958 shares traded. VictoryShares Em Mkt Hi Div Vol Wtd ETF (NASDAQ:CEY) has 0.00% since October 2, 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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