What’s Next for iShares Barclays 1-3 Year Credit Bond Fd (CSJ) After Forming Wedge Up Pattern?

September 17, 2017 - By Kurt Siggers

The stock of iShares Barclays 1-3 Year Credit Bond Fd (CSJ) formed an up wedge with $110.66 target or 5.00 % above today’s $105.39 share price. The 5 months wedge indicates low risk for the $11.99 billion company. If the $110.66 price target is reached, the company will be worth $599.50 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 stock increased 0.02% or $0.02 on September 15, reaching $105.39. About 468,005 shares traded or 15.98% up from the average. iShares Barclays 1-3 Year Credit Bond Fd (NASDAQ:CSJ) has declined 0.03% since September 17, 2016 and is downtrending. It has underperformed by 16.73% the S&P500.

More news for iShares Barclays 1-3 Year Credit Bond Fd (NASDAQ:CSJ) were recently published by: Forbes.com, which released: “Best ETFs: Short-Term Bonds” on August 18, 2015. Finance.Yahoo.com‘s article titled: “Can The Massive Treasury Rally Continue Through End Of Year? (SHY)” and published on September 15, 2017 is yet another important article.

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