Some Traders Are Very Bullish on VelocityShares 3x Inverse Silver ETN (DSLV) After Forming Double Top

The chart of VelocityShares 3x Inverse Silver ETN (DSLV) shows a double top with $37.11 target or 9.00 % above today’s $34.05 share price. The 5 months chart pattern indicates low risk for the $15.03M company. It was reported on Dec, 5 by Finviz.com. If the $37.11 price target is reached, the company will be worth $1.35M more. Double tops are rare but powerful chart patterns.

The stock decreased 3.24% or $1.14 during the last trading session, reaching $34.05. About 148,196 shares traded or 11.44% up from the average. VelocityShares 3x Inverse Silver ETN (NASDAQ:DSLV) has risen 76.34% since December 5, 2017 and is uptrending. It has outperformed by 60.72% the S&P500.

More notable recent VelocityShares 3x Inverse Silver ETN (NASDAQ:DSLV) news were published by: Seekingalpha.com which released: “Is Gold On The Way To $1,400? – Seeking Alpha” on February 19, 2018, also Seekingalpha.com with their article: “Gold Signals That Higher Prices Are Coming And Then Moves Lower – Seeking Alpha” published on March 29, 2018, Seekingalpha.com published: “2 Mines Supply Half Of U.S. Silver Production And The Real Cost To Produce Silver – Seeking Alpha” on April 09, 2018. More interesting news about VelocityShares 3x Inverse Silver ETN (NASDAQ:DSLV) were released by: Seekingalpha.com and their article: “Silver – Is Anyone There, Does Anyone Care? – Seeking Alpha” published on August 06, 2018 as well as Seekingalpha.com‘s news article titled: “The Silver/Gold Ratio Sends A Signal – Seeking Alpha” with publication date: April 30, 2018.

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