Will FlexShares Disciplined Duration MBS ETF (MBSD) Short Squeeze Soon? The Stock Formed a Bearish Multiple Bottom Chart Pattern

July 16, 2018 - By Carolyn Hewitt

The stock of FlexShares Disciplined Duration MBS ETF (MBSD) shows a multiple bottoms pattern with $21.26 target or 8.00 % below today’s $23.11 share price. The 9 months chart pattern indicates high risk for the $50.85 million company. It was reported on Jul, 16 by Finviz.com. If the $21.26 price target is reached, the company will be worth $4.07M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The ETF decreased 0.39% or $0.09 during the last trading session, reaching $23.11. About 16,602 shares traded or 128.43% up from the average. FlexShares Disciplined Duration MBS ETF (NASDAQ:MBSD) has declined 3.51% since July 16, 2017 and is downtrending. It has underperformed by 16.08% the S&P500.

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