What’s in PowerShares FTSE RAFI US 1500 Small-Mid (PRFZ) After Forming Ascending Triangle Chart Pattern?

July 17, 2017 - By reb123z

The stock of PowerShares FTSE RAFI US 1500 Small-Mid (PRFZ) formed an ascending triangle with $115.99 target or 3.00 % below today’s $119.58 share price. The 6 months triangle pattern indicates high risk for the $1.65B company. If the $115.99 price target is reached, the company will be worth $49.50 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

About 20,078 shares traded. PowerShares FTSE RAFI US 1500 Small-Mid (NASDAQ:PRFZ) has risen 23.94% since July 17, 2016 and is uptrending. It has outperformed by 7.24% the S&P500.

More important recent PowerShares FTSE RAFI US 1500 Small-Mid (NASDAQ:PRFZ) news were published by: Gurufocus.com which released: “Legacy Private Trust Co. Buys PowerShares S&P 500 Low Volatility Portfolio …” on July 14, 2017, also Nasdaq.com published article titled: “3 Extended Market ETFs To Round Out Your Portfolio”, Nasdaq.com published: “Thursday’s ETF with Unusual Volume: PRFZ” on July 06, 2017. More interesting news about PowerShares FTSE RAFI US 1500 Small-Mid (NASDAQ:PRFZ) was released by: Time.com and their article: “The 50 Best Mutual Funds and ETFs, Period” with publication date: January 24, 2017.

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