The stock of WisdomTree Trust (DXPS) formed a descending triangle with $35.58 target or 61.00% above today’s $22.10 share price. The 7 months triangle pattern indicates low risk for the $33.20 million company. If the $35.58 price target is reached, the company will be worth $20.25M more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent. The stock is 0.01% or $0 after the news, hitting $22.1 per share. It is down 11.16% since June 29, 2015 and is downtrending. It has underperformed by 3.65% the S&P500.