What’s Next for WisdomTree Middle East Dividend ETF (GULF) After Forming Double Bottom?

December 8, 2017 - By Richard Conner

The chart of WisdomTree Middle East Dividend ETF (GULF) shows a double bottom with $16.19 target or 4.00 % below today’s $16.86 share price. The 6 months chart pattern indicates high risk for the $15.36 million company. It was reported on Dec, 8 by Finviz.com. If the $16.19 price target is reached, the company will be worth $614,400 less. Double bottoms are rare but powerful chart patterns.

The ETF increased 0.54% or $0.09 during the last trading session, reaching $16.86. About 1,704 shares traded. WisdomTree Middle East Dividend ETF (NASDAQ:GULF) has risen 2.22% since December 8, 2016 and is uptrending. It has underperformed by 14.48% the S&P500.

More recent WisdomTree Middle East Dividend ETF (NASDAQ:GULF) news were published by: Etfdailynews.com which released: “WisdomTree’s Best And Worst Performing Equity ETFs Of 2017 (CXSE)” on December 01, 2017. Also Etfdailynews.com published the news titled: “WisdomTree: Don’t Ignore China’s New Foray Into The Cloud” on November 09, 2017. Etfdailynews.com‘s news article titled: “WisdomTree: Middle East Will Be Big Beneficiary Of Aramco IPO (GULF)” with publication date: November 17, 2017 was also an interesting one.

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