Is Selling Stock Like PowerShares S&P SmallCap Energy ETF (PSCE) After This Bearish Ascending Triangle Winning Strategy?

December 8, 2017 - By Vivian Park

The stock of PowerShares S&P SmallCap Energy ETF (PSCE) formed an ascending triangle with $12.81 target or 9.00 % below today’s $14.08 share price. The 8 months triangle pattern indicates high risk for the $53.38M company. If the $12.81 price target is reached, the company will be worth $4.80 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 ETF increased 0.86% or $0.12 during the last trading session, reaching $14.08. About 8,214 shares traded. PowerShares S&P SmallCap Energy ETF (NASDAQ:PSCE) has risen 1.17% since December 8, 2016 and is uptrending. It has underperformed by 15.53% the S&P500.

More news for PowerShares S&P SmallCap Energy ETF (NASDAQ:PSCE) were recently published by:, which released: “Trade of the Day: PowerShares S&P Small-Cap Energy Portfolio (PSCE) Stock …” on December 16, 2016.‘s article titled: “Chesapeake Energy Corporation (CHK) Stock Looks Good for a Trade” and published on September 08, 2017 is yet another important article.

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