Barclays Inverse US Treasury Aggt ETN (TAPR)’s Trend Down, Especially After Forming a Bearish H&S Chart Pattern

September 8, 2018 - By Victoria Pittman

The stock of Barclays Inverse US Treasury Aggt ETN (TAPR) formed H&S with $26.10 target or 5.00 % below today’s $27.47 share price. The 7 months Head & Shoulders indicates high risk for the $17.20M company. It was reported on Sep, 8 by If the $26.10 price target is reached, the company will be worth $860,000 less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 2.92% or $0.78 during the last trading session, reaching $27.47. About 810 shares traded. Barclays Inverse US Treasury Aggt ETN (NASDAQ:TAPR) has risen 5.78% since September 8, 2017 and is uptrending. It has underperformed by 6.79% the S&P500.

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