Is Major Move Coming For FlexShares STOXX Glbl ESG Impact ETF (ESGG) After This Bullish Wedge Up Pattern?

December 7, 2017 - By Vivian Currie

The stock of FlexShares STOXX Glbl ESG Impact ETF (ESGG) formed an up wedge with $100.39 target or 8.00 % above today’s $92.95 share price. The 6 months wedge indicates low risk for the $42.18M company. If the $100.39 price target is reached, the company will be worth $3.37 million 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%.

The ETF decreased 0.28% or $0.26 during the last trading session, reaching $92.95. About 200 shares traded. FlexShares STOXX Glbl ESG Impact ETF (NASDAQ:ESGG) has 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent FlexShares STOXX Glbl ESG Impact ETF (NASDAQ:ESGG) news were published by: Etfdb.com which released: “Senior ETF Strategist Abdur Nimeri on FlexShares’ Lineup of ESG-Focused ETFs” on July 18, 2017, also Forbes.com with their article: “ESG Principles As Core Investment Holdings” published on December 12, 2016, Seekingalpha.com published: “ETF Deathwatch For February 2017: List Shrinks” on February 26, 2017. More interesting news about FlexShares STOXX Glbl ESG Impact ETF (NASDAQ:ESGG) were released by: Etftrends.com and their article: “Dipping Your Toe into the ESG ETF Waters” published on September 20, 2017 as well as Etftrends.com‘s news article titled: “ESG ETFs Help Retail Investors Track Institutional-Level Strategies” with publication date: September 06, 2017.

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