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Wisdomtree Inves: The Losing Streak Continues (WETF)

By David Diaz

Wisdomtree Inves (NASDAQ:WETF) traded at a new 52-week low today of $7.30. So far today approximately 97,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

Wisdomtree Inves share prices have moved between a 52-week high of $13.41 and the current low of $7.30 and are currently at $7.34 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.7%.

There is potential upside of 60.1% for shares of Wisdomtree Inves based on a current price of $7.34 and an average consensus analyst price target of $11.75. The stock should run into initial resistance at its 50-day moving average (MA) of $8.09 and subsequent resistance at its 200-day MA of $9.88.

WisdomTree Investments, Inc. is an asset management firm. The Company sponsores exchange-traded funds and other financial products to retail and institutional investors. WisdomTree Investments serves customers in the United States.

SmarTrend is tracking the current trend status for Wisdomtree Inves and will alert subscribers who have WETF in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows wisdomtree inves

Ticker(s): WETF