Amplify Online Retail ETF (IBUY) Forms Multiple Top; Strong Momentum for Buyers Coming

August 10, 2018 - By Carolyn Hewitt

The stock of Amplify Online Retail ETF (IBUY) shows a multiple tops pattern with $56.91 target or 8.00 % above today’s $52.69 share price. The 7 months chart pattern indicates low risk for the $495.16 million company. It was reported on Aug, 10 by Finviz.com. If the $56.91 price target is reached, the company will be worth $39.61M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The ETF increased 1.78% or $0.92 during the last trading session, reaching $52.69. About 73,170 shares traded. Amplify Online Retail ETF (NASDAQ:IBUY) has risen 39.20% since August 10, 2017 and is uptrending. It has outperformed by 26.63% the S&P500.

More notable recent Amplify Online Retail ETF (NASDAQ:IBUY) news were published by: Benzinga.com which released: “Another Online Retail ETF Arrives From ProShares” on July 17, 2018, also Benzinga.com with their article: “Amid Increasing Competition, This ETF Packs On Assets” published on July 19, 2018, Businesswire.com published: “Amplify Online Retail ETF (IBUY) Surpasses $500 Million in Assets” on July 18, 2018. More interesting news about Amplify Online Retail ETF (NASDAQ:IBUY) were released by: Investorplace.com and their article: “5 Winning Sector ETFs as Trump’s Tax Reform Turns 6 Months” published on July 17, 2018 as well as Benzinga.com‘s news article titled: “E-Commerce Sales Tax Ruling A Non-Starter For Online Retail ETF” with publication date: July 13, 2018.

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