Some Traders Are Very Bearish on WisdomTree Emerging Mkts Qual Div Gr ETF (DGRE) After Forming Ascending Triangle Pattern

December 8, 2017 - By Marguerite Chambers

The stock of WisdomTree Emerging Mkts Qual Div Gr ETF (DGRE) formed an ascending triangle with $23.89 target or 7.00 % below today’s $25.69 share price. The 8 months triangle pattern indicates high risk for the $64.25M company. If the $23.89 price target is reached, the company will be worth $4.50 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 0.12% or $0.03 during the last trading session, reaching $25.69. About 4,700 shares traded. WisdomTree Emerging Mkts Qual Div Gr ETF (NASDAQ:DGRE) has risen 18.31% since December 8, 2016 and is uptrending. It has outperformed by 1.61% the S&P500.

More important recent WisdomTree Emerging Mkts Qual Div Gr ETF (NASDAQ:DGRE) news were published by: which released: “WisdomTree: Don’t Ignore China’s New Foray Into The Cloud” on November 09, 2017, also published article titled: “WisdomTree’s Best And Worst Performing Equity ETFs Of 2017 (CXSE)”, published: “WisdomTree: Middle East Will Be Big Beneficiary Of Aramco IPO (GULF)” on November 17, 2017. More interesting news about WisdomTree Emerging Mkts Qual Div Gr ETF (NASDAQ:DGRE) was released by: and their article: “How To Quantify The Value Of Quality Dividend Growth (DGRW)” with publication date: November 28, 2017.

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