Is First Trust RiverFront Dyn Em Mkts ETF (RFEM) a Buy? The Stock Formed Bullish Double Top

December 7, 2017 - By Vivian Currie

The chart of First Trust RiverFront Dyn Em Mkts ETF (RFEM) shows a double top with $73.31 target or 8.00 % above today’s $67.88 share price. The 6 months chart pattern indicates low risk for the $78.63M company. It was reported on Dec, 7 by Finviz.com. If the $73.31 price target is reached, the company will be worth $6.29 million more. Double tops are rare but powerful chart patterns.

The ETF decreased 0.06% or $0.04 during the last trading session, reaching $67.88. About 17,054 shares traded or 80.18% up from the average. First Trust RiverFront Dyn Em Mkts ETF (NASDAQ:RFEM) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent First Trust RiverFront Dyn Em Mkts ETF (NASDAQ:RFEM) news were published by: Nasdaq.com which released: “Week In ETFs: Global ETF Assets Now Top $3 Trillion” on April 19, 2016, also Seekingalpha.com with their article: “Will Active ETFs Rule Ahead?” published on June 07, 2017, Streetinsider.com published: “Form 40-17G/A FIRST TRUST EXCHANGE-TRA” on November 09, 2017. More interesting news about First Trust RiverFront Dyn Em Mkts ETF (NASDAQ:RFEM) were released by: Nasdaq.com and their article: “Follow Gundlach’s Insight with These ETFs” published on May 11, 2017 as well as Businesswire.com‘s news article titled: “First Trust to Launch the First Trust RiverFront Dynamic International ETFs” with publication date: April 14, 2016.

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