Some Traders Are Very Bearish on WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD) After Forming Ascending Triangle Chart Pattern

July 13, 2018 - By Robert Reynolds

The stock of WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD) formed an ascending triangle with $22.85 target or 5.00 % below today’s $24.05 share price. The 9 months triangle pattern indicates high risk for the $260.71 million company. If the $22.85 price target is reached, the company will be worth $13.04M 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 0.21% or $0.0502 during the last trading session, reaching $24.0502. About 19,810 shares traded. WisdomTree Interest Rt Hdg Hi Yld Bd ETF (NASDAQ:HYZD) has declined 0.25% since July 13, 2017 and is downtrending. It has underperformed by 12.82% the S&P500.

Another recent and important WisdomTree Interest Rt Hdg Hi Yld Bd ETF (NASDAQ:HYZD) news was published by Etftrends.com which published an article titled: “3 Best Short Treasury Fixed-Income ETNs Year-to-Date” on July 12, 2018.

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