First Trust Dev Mkts Ex-US AlphaDEX ETF (FDT) Stock Faces Higher Risks Forward After Forming Bearish Double Bottom Chart Pattern

September 14, 2018 - By Elizabeth Jones

The chart of First Trust Dev Mkts Ex-US AlphaDEX ETF (FDT) shows a double bottom with $53.76 target or 8.00 % below today’s $58.43 share price. The 8 months chart pattern indicates high risk for the $1.22 billion company. It was reported on Sep, 14 by If the $53.76 price target is reached, the company will be worth $97.60M less. Double bottoms are rare but powerful chart patterns.

The ETF increased 0.67% or $0.3885 during the last trading session, reaching $58.4335. About 23,804 shares traded. First Trust Dev Mkts Ex-US AlphaDEX ETF (NASDAQ:FDT) has declined 2.23% since September 14, 2017 and is downtrending. It has underperformed by 17.85% the S&P500.

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