Could First Trust Total US Market AlphaDEX ETF (TUSA) Increase Even More? The Stock Formed Wedge Up

September 8, 2018 - By Robert Shackelford

The stock of First Trust Total US Market AlphaDEX ETF (TUSA) formed an up wedge with $37.23 target or 4.00 % above today’s $35.80 share price. The 9 months wedge indicates low risk for the $16.33M company. If the $37.23 price target is reached, the company will be worth $653,200 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 decreased 0.33% or $0.12 during the last trading session, reaching $35.8. About 34,651 shares traded or 828.48% up from the average. First Trust Total US Market AlphaDEX ETF (NASDAQ:TUSA) has risen 20.22% since September 8, 2017 and is uptrending. It has outperformed by 7.65% the S&P500.

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