Could ETF Series Solutions (VALX) Recover After Forming a Bullish Descending Triangle?

July 17, 2017 - By Migdalia James

The stock of ETF Series Solutions (VALX) formed a descending triangle with $28.01 target or 3.00 % above today’s $27.19 share price. The 5 months triangle pattern indicates low risk for the $24.30 million company. If the $28.01 price target is reached, the company will be worth $729,000 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 increased 0.52% or $0.14 on July 17, reaching $27.19. About 4,090 shares traded or 76.45% up from the average. ETF Series Solutions (NASDAQ:VALX) has risen 16.16% since July 18, 2016 and is uptrending. It has underperformed by 0.54% the S&P500.

More important recent ETF Series Solutions (NASDAQ:VALX) news were published by: which released: “VIP Status With This New ETF” on November 07, 2016, also published article titled: “Form 497J ETF Series Solutions”, published: “How To Avoid The Worst Style ETFs Q2’17” on June 30, 2017. More interesting news about ETF Series Solutions (NASDAQ:VALX) was released by: and their article: “How To Avoid The Worst Style ETFs Q1’17” with publication date: March 29, 2017.

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