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What’s in WisdomTree Emerging Markets Corp Bd ETF (EMCB) After Forming Bearish Wedge Down?

The stock of WisdomTree Emerging Markets Corp Bd ETF (EMCB) formed a down wedge with $62.54 target or 9.00 % below today’s $68.72 share price. The 9 months wedge indicates high risk for the $40.96M company. If the $62.54 price target is reached, the company will be worth $3.69M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The ETF increased 0.63% or $0.43 during the last trading session, reaching $68.72. About 650 shares traded. WisdomTree Emerging Markets Corp Bd ETF (NASDAQ:EMCB) has declined 5.20% since November 10, 2017 and is downtrending. It has underperformed by 20.82% the S&P500.

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