What Will Happen to FA SHORT TERM GOVT BOND INDEX CLASS ETF Next? The Stock Just Gapped Down

 What Will Happen to FA SHORT TERM GOVT BOND INDEX CLASS ETF Next? The Stock Just Gapped Down

The stock of FA SHORT TERM GOVT BOND INDEX CLASS ETF (TSE:FGB) gapped down by $0.01 today and has $17.40 target or 12.00% below today’s $19.77 share price. The 9 months technical chart setup indicates high risk for the $61.32 million company. The gap down was reported on Oct, 19 by Barchart.com. If the $17.40 price target is reached, the company will be worth $7.36M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 14,000 shares traded hands or 50.30% up from the average. FA SHORT TERM GOVT BOND INDEX CLASS ETF (TSE:FGB) has declined 1.05% since March 14, 2016 and is downtrending. It has underperformed by 6.59% the S&P500.

More notable recent FA SHORT TERM GOVT BOND INDEX CLASS ETF (TSE:FGB) news were published by: Cnbc.com which released: “A key asset class most investors completely ignore” on September 02, 2015, also Cnbc.com with their article: “Choosing between bonds and bond funds” published on April 10, 2014, Cnbc.com published: “Last time market made a bond bet this big: 2003” on February 01, 2016. More interesting news about FA SHORT TERM GOVT BOND INDEX CLASS ETF (TSE:FGB) were released by: Forbes.com and their article: “10 Best ETF Buys Of The Decade From 10 Investment Pros” published on October 04, 2015 as well as Nasdaq.com‘s news article titled: “Top Performing Bond ETFs of 1H” with publication date: June 29, 2016.

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