iShares Europe Developed Real Estate ETF (IFEU)’s Stock Is Buy After Forming Wedge Up Pattern

January 17, 2018 - By Marguerite Chambers

The stock of iShares Europe Developed Real Estate ETF (IFEU) formed an up wedge with $43.20 target or 3.00 % above today’s $41.94 share price. The 7 months wedge indicates low risk for the $41.28M company. If the $43.20 price target is reached, the company will be worth $1.24 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 ETF increased 0.62% or $0.2599 during the last trading session, reaching $41.9399. About 1,911 shares traded. iShares Europe Developed Real Estate ETF (NASDAQ:IFEU) has declined 0.53% since January 17, 2017 and is downtrending. It has underperformed by 17.23% the S&P500.

More notable recent iShares Europe Developed Real Estate ETF (NASDAQ:IFEU) news were published by: Seekingalpha.com which released: “REITs — Part 1: Rank Equity REIT ETFs By Total Return And Volatility-Based …” on May 14, 2012, also Seekingalpha.com with their article: “Top 10 Global Real Estate ETFs” published on May 30, 2012, Ft.com published: “UK may be tightening policy a little too much” on September 26, 2017. More interesting news about iShares Europe Developed Real Estate ETF (NASDAQ:IFEU) were released by: Seekingalpha.com and their article: “The Best International REIT ETFs” published on October 04, 2017 as well as Ft.com‘s news article titled: “Equity markets stay relaxed about politics” with publication date: June 14, 2017.

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