Could iShares Emerging Markets Infras ETF (EMIF) Increase Even More? The Stock Formed Double Top Chart Pattern

March 18, 2018 - By Ellis Scott

The chart of iShares Emerging Markets Infras ETF (EMIF) shows a double top with $33.40 target or 4.00 % above today’s $32.12 share price. The 5 months chart pattern indicates low risk for the $42.46 million company. It was reported on Mar, 18 by If the $33.40 price target is reached, the company will be worth $1.70M more. Double tops are rare but powerful chart patterns.

The ETF increased 0.52% or $0.166 during the last trading session, reaching $32.116. About 3,236 shares traded. iShares Emerging Markets Infras ETF (NASDAQ:EMIF) has risen 6.97% since March 18, 2017 and is uptrending. It has underperformed by 9.73% the S&P500.

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