Does This Provide a Reason to Sell First Trust Exchange Traded Fund VI? The Stock Has Formed Bearish Double Bottom Pattern

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The chart of First Trust Exchange Traded Fund VI (RDVY) shows a double bottom with $17.79 target or 14.00% below today’s $20.69 share price. The 7 months chart pattern indicates high risk for the $36.96M company. It was reported on Dec, 12 by If the $17.79 price target is reached, the company will be worth $5.17M less. Double bottoms are rare but powerful chart patterns. The stock decreased 2.04% or $0.43 on December 11, hitting $20.69. About 10,932 shares traded hands. First Trust Exchange Traded Fund VI (NASDAQ:RDVY) has declined 6.84% since May 8, 2015 and is downtrending. It has underperformed by 3.82% the S&P500.

More notable recent First Trust Exchange Traded Fund VI (NASDAQ:RDVY) news were published by: which released: “First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds” on September 22, 2015, also with their article: “First Trust NASDAQ Technology Dividend Index Fund Experiences Big Outflow” published on October 30, 2015, published: “Boost Your Technology Dividends With A Unique Covered Call ETF” on October 22, 2014. More interesting news about First Trust Exchange Traded Fund VI (NASDAQ:RDVY) were released by: and their article: “Intel Corporation (INTC) Ex-Dividend Date Scheduled for November 04, 2015” published on November 03, 2015 as well as‘s news article titled: “2013 - A Strong Year for ETFs” with publication date: January 28, 2014.

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