After Today’s Gap Up, Is iShares DEX Universe Bond Index Fund’s Near-Term Analysis Positive

 After Today's Gap Up, Is iShares DEX Universe Bond Index Fund's Near Term Analysis Positive

The stock of iShares DEX Universe Bond Index Fund (TSE:XBB) gapped up by $0.02 today and has $53.52 target or 67.00% above today’s $32.05 share price. The 7 months technical chart setup indicates low risk for the $2.22B company. The gap was reported on Oct, 31 by Barchart.com. If the $53.52 price target is reached, the company will be worth $1.49B more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 41,371 shares traded hands. iShares DEX Universe Bond Index Fund (TSE:XBB) has risen 0.91% since March 24, 2016 and is uptrending. It has underperformed by 2.56% the S&P500.

More notable recent iShares DEX Universe Bond Index Fund (TSE:XBB) news were published by: Theglobeandmail.com which released: “Beware the risk in bond funds” on July 10, 2013, also Theglobeandmail.com with their article: “How RBC funds compare against index funds, ETFs” published on January 29, 2014, Fool.ca published: “Rising Interest Rates Are Bad News for Bond Funds” on May 18, 2015. More interesting news about iShares DEX Universe Bond Index Fund (TSE:XBB) were released by: Theglobeandmail.com and their article: “How one investor boosts his dividend yields” published on April 01, 2016 as well as Theglobeandmail.com‘s news article titled: “Bond returns: How to avoid the interest-rate steamroller” with publication date: August 23, 2013.

iShares DEX Universe Bond Index Fund seeks to provide income by replicating, to the extent possible, the performance of the DEX Universe Bond Index, net of expenses. The company has a market cap of $2.22 billion. The DEX Bond Index consists of a diversified selection of investment-grade Government of Canada, provincial, corporate and municipal bonds issued domestically in Canada and denominated in Canadian dollars. It currently has negative earnings. There are four credit or borrower categories: bonds issued bt Government of Canada , Provincial Bonds (including provincially guaranteed securities), Municipal Bonds, and Corporate Bonds.

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