The stock of ISHARES IV PLC ISHARES EDGE MSCI USA VALUE FACTOR (LON:IUVF) reached all time low today, Nov, 3 and still has GBX 341.85 target or 14.00% below today’s GBX 397.50 share price. This indicates more downside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 341.85 PT is reached, the company will be worth GBX less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 1.16% or GBX 4.65 on November 3, hitting GBX 397.5. ISHARES IV PLC ISHARES EDGE MSCI USA VALUE FACTOR (LON:IUVF) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
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