Bullish Chart Formation for PowerShares Golden Dragon China ETF (PGJ) After Forming Bullish Double Top Pattern

December 8, 2017 - By Louis Casey

The chart of PowerShares Golden Dragon China ETF (PGJ) shows a double top with $44.18 target or 3.00 % above today’s $42.89 share price. The 8 months chart pattern indicates low risk for the $230.60 million company. It was reported on Dec, 8 by Finviz.com. If the $44.18 price target is reached, the company will be worth $6.92M more. Double tops are rare but powerful chart patterns.

The ETF increased 1.13% or $0.4778 during the last trading session, reaching $42.8928. About 18,060 shares traded. PowerShares Golden Dragon China ETF (NASDAQ:PGJ) has risen 39.62% since December 8, 2016 and is uptrending. It has outperformed by 22.92% the S&P500.

More recent PowerShares Golden Dragon China ETF (NASDAQ:PGJ) news were published by: Etfdailynews.com which released: “An ETF To Buy Blue Chip Chinese Stocks On The Cheap” on July 26, 2013. Also Investorplace.com published the news titled: “7 Ways to Get Rich Internationally in 2018” on December 01, 2017. Valuewalk.com‘s news article titled: “Alibaba Group Holding Ltd (BABA) And Technology ETFs” with publication date: September 18, 2014 was also an interesting one.

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