WisdomTree, Inc. : An appropriate purchase level
November 06, 2012 at 09:49 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
$6.19 |
$0 |
$6.05 |
-100% |
---|
In the past few sessions, WisdomTree Investments shares have suffered from a sharp fall and is now coming back on significant level support.
Graphically, the stock is oversold and, in the mid-term, it is trading in a bearish trend. In the short term, this trend is reversed upon contact with the USD 6.16 area, a support successfully tested in the past sessions. WisdomTree Investments should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards USD 6.65 and by extension towards USD 7.
Investors could buy the stock at the current price to target the USD 6.65 short term resistance. A stop loss will be placed below the USD 6.16 support.
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