Could First Trust Dorsey Wright Intl Foc 5 (IFV) Gain Strenght After Forming Bullish Wedge Up?

December 7, 2017 - By Hazel Jackson

The stock of First Trust Dorsey Wright Intl Foc 5 (IFV) formed an up wedge with $23.33 target or 8.00 % above today’s $21.60 share price. The 7 months wedge indicates low risk for the $858.57M company. If the $23.33 price target is reached, the company will be worth $68.69 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

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: which released: “Focus 5 ETF Gets A Dynamic Counterpart” on March 21, 2016, also published article titled: “This First Trust “Fund Of Funds” ETF Deserves A Closer Look”, published: “First Trust Dividend and Income Fund’s Board Approves Merger into First Trust …” on March 18, 2016. More interesting news about First Trust Dorsey Wright Intl Foc 5 (NASDAQ:IFV) was released by: 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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