First Trust NASDAQ-100 Ex-Tech Sec (ETF) (QQXT)’s Stock Formed A Several Months Bullish Wedge Up Pattern

June 20, 2017 - By Richard Conner

The stock of First Trust NASDAQ-100 Ex-Tech Sec (ETF) (QQXT) formed an up wedge with $48.76 target or 5.00 % above today’s $46.44 share price. The 5 months wedge indicates low risk for the $102.16M company. If the $48.76 price target is reached, the company will be worth $5.11M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

It is 0.01% or $0 reaching $46.44 per share. It is down 18.72% since June 20, 2016 and is uptrending. It has outperformed by 2.02% the S&P500.

Another recent and important First Trust NASDAQ-100 Ex-Tech Sec (ETF) (NASDAQ:QQXT) news was published by which published an article titled: “What Happens When a Stock is Added to the Nasdaq 100 Index?” on June 13, 2016.

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