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WisdomTree Emerging Markets SmallCap Dividend Fund forms bearish "Rounded Top" chart pattern
May 16, 2012

Recognia has detected a "Rounded Top" chart pattern formed on WisdomTree Emerging Markets SmallCap Dividend Fund (DGS:NYSE). This bearish signal indicates that the stock price may fall from the close of $43.76 to the range of $39.30 - $40.10. The pattern formed over 80 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: There has been a gradual shift from an uptrend to a downtrend. The Rounded Top represents a slow and gradual reversal of the trend from up to sideways to down. Volume diminishes near the bottom as the stock trades within a range and finally bursts as investors become more decisively bearish. While rarer than other reversal patterns and often longer term, Rounded Bottoms usually mark a major turnaround.

This bearish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.


Recognia Alert Wire content is generated at market close by Recognia Inc. ( Recognia has developed proprietary technology for chart pattern recognition and automated interpretation based on the standards of technical analysis. Recognia investment research products scan all financial instruments across covered exchanges and generate news alerts for those that have formed one of more than 25 patterns.

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