Can First Trust South Korea AlphaDEXÂ ETF (FKO)’s Tomorrow be Different? The Stock Formed a Bearish Wedge Down

June 17, 2018 - By Hazel Jackson

The stock of First Trust South Korea AlphaDEXÂ ETF (FKO) formed a down wedge with $25.52 target or 7.00 % below today’s $27.44 share price. The 7 months wedge indicates high risk for the $2.79M company. If the $25.52 price target is reached, the company will be worth $195,300 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 decreased 1.72% or $0.48 during the last trading session, reaching $27.44. About shares traded. First Trust South Korea AlphaDEXÂ ETF (NASDAQ:FKO) has risen 28.57% since June 17, 2017 and is uptrending. It has outperformed by 16.00% the S&P500.

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