Time to Buy Invesco S&P SmallCap Energy ETF (PSCE) After The Completion of This Bullish Wedge Up Pattern?

The stock of Invesco S&P SmallCap Energy ETF (PSCE) formed an up wedge with $11.21 target or 9.00 % above today’s $10.28 share price. The 7 months wedge indicates low risk for the $29.11M company. If the $11.21 price target is reached, the company will be worth $2.62M 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 increased 1.58% or $0.16 during the last trading session, reaching $10.28. About 4,650 shares traded. Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) has declined 23.25% since May 8, 2018 and is downtrending. It has underperformed by 27.62% the S&P500.

More notable recent Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) news were published by: Nasdaq.com which released: “U.S. Silica Holdings, Inc. (SLCA) Ex-Dividend Date Scheduled for March 13, 2019 – Nasdaq” on March 12, 2019, also Nasdaq.com with their article: “How to Bet on Oil with Leveraged ETFs – Nasdaq” published on December 12, 2016, Zacks.com published: “Trade Cautiously: These ETFs Might Play a Prank on You – Zacks.com” on April 01, 2019. More interesting news about Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) were released by: Investorplace.com and their article: “7 Best Energy ETFs for the Rest of 2018 – Investorplace.com” published on January 16, 2018 as well as Investorplace.com‘s news article titled: “5 Small-Cap ETFs and Stocks Crushing the Russell 2000 – Investorplace.com” with publication date: May 21, 2018.

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