iShares Asia 50 ETF (AIA) on Focus After Forming Bearish Head & Shoulders

May 22, 2018 - By Vivian Currie

The stock of iShares Asia 50 ETF (AIA) formed H&S with $63.59 target or 6.00 % below today’s $67.65 share price. The 7 months Head & Shoulders indicates high risk for the $1.09B company. It was reported on May, 22 by Faxor.com. If the $63.59 price target is reached, the company will be worth $65.40M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The ETF increased 1.20% or $0.8 during the last trading session, reaching $67.65. About 67,548 shares traded. iShares Asia 50 ETF (NASDAQ:AIA) has risen 26.87% since May 22, 2017 and is uptrending. It has outperformed by 15.32% the S&P500.

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