Janus Henderson Small/Md Cp Gr Alpha ETF (JSMD)’s Trend Up, Especially After Forming a Wedge Up Chart Pattern

May 17, 2018 - By Richard Conner

The stock of Janus Henderson Small/Md Cp Gr Alpha ETF (JSMD) formed an up wedge with $43.63 target or 5.00 % above today’s $41.55 share price. The 6 months wedge indicates low risk for the $33.91M company. If the $43.63 price target is reached, the company will be worth $1.70M 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 0.51% or $0.21 during the last trading session, reaching $41.55. About 781 shares traded. Janus Henderson Small/Md Cp Gr Alpha ETF (NASDAQ:JSMD) has risen 23.37% since May 17, 2017 and is uptrending. It has outperformed by 11.82% the S&P500.

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