LYXOR INDEX FUND LYX J.P. MORGAN EU MULTI-FACT UCITS ETF Can’t Be More Risky. Trader Significantly Lower After A Gap Down

 LYXOR INDEX FUND LYX J.P. MORGAN EU MULTI FACT UCITS ETF Can't Be More Risky. Trader Significantly Lower After A Gap Down

The stock of LYXOR INDEX FUND LYX J.P. MORGAN EU MULTI-FACT UCITS ETF (LON:LYX5) gapped down by GBX 30.5 today and has GBX 7669.48 target or 14.00% below today’s GBX 8918.00 share price. The 6 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Oct, 31 by Barchart.com. If the GBX 7669.48 price target is reached, the company will be worth GBX 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%. The ETF decreased 0.84% or GBX 75.5 on October 31, hitting GBX 8918. About 32,000 shares traded hands or 2962.20% up from the average. LYXOR INDEX FUND LYX J.P. MORGAN EU MULTI-FACT UCITS ETF (LON:LYX5) has risen 14.43% since March 17, 2016 and is uptrending. It has outperformed by 10.95% the S&P500.

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