Invesco LadderRite 0-5 Year Corp Bd ETF (LDRI) on Focus After Forming Bearish Double Bottom

September 16, 2018 - By Kristin Houston

The chart of Invesco LadderRite 0-5 Year Corp Bd ETF (LDRI) shows a double bottom with $22.60 target or 8.00 % below today’s $24.56 share price. The 8 months chart pattern indicates high risk for the $12.32 million company. It was reported on Sep, 16 by Finviz.com. If the $22.60 price target is reached, the company will be worth $985,600 less. Double bottoms are rare but powerful chart patterns.

The ETF decreased 0.17% or $0.04 during the last trading session, reaching $24.56. About 780 shares traded. Invesco LadderRite 0-5 Year Corp Bd ETF (NASDAQ:LDRI) has declined 1.87% since September 16, 2017 and is downtrending. It has underperformed by 17.49% the S&P500.

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