First Trust Dorsey Wright Intl Foc 5 (IFV) Could Burn Your Portfolio. The Stock Formed Ascending Triangle Pattern

December 8, 2017 - By Louis Casey

The stock of First Trust Dorsey Wright Intl Foc 5 (IFV) formed an ascending triangle with $20.95 target or 3.00 % below today’s $21.60 share price. The 9 months triangle pattern indicates high risk for the $858.57M company. If the $20.95 price target is reached, the company will be worth $25.76 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.28% or $0.06 during the last trading session, reaching $21.6. About 155,375 shares traded or 8.97% up from the average. First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) has risen 16.89% since December 8, 2016 and is uptrending. It has outperformed by 0.19% the S&P500.

More important recent First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) news were published by: Businesswire.com which released: “First Trust Dividend and Income Fund’s Board Approves Merger into First Trust …” on March 18, 2016, also Benzinga.com published article titled: “Focus 5 ETF Gets A Dynamic Counterpart”, Etfdailynews.com published: “This First Trust “Fund Of Funds” ETF Deserves A Closer Look” on April 06, 2017. More interesting news about First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) was released by: Etfdailynews.com and their article: “A 5-Star Dividend Achiever ETF That’s Flying Under The Radar (RDVY)” with publication date: September 03, 2017.

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