FIRST ASSET INVESTMENT GRADE BOND ETF Stock Is Crashing Now. What To Expect?

 FIRST ASSET INVESTMENT GRADE BOND ETF Stock Is Crashing Now. What To Expect?

The stock of FIRST ASSET INVESTMENT GRADE BOND ETF (TSE:FIG) gapped down by $0.09 today and has $9.59 target or 14.00% below today’s $11.15 share price. The 7 months technical chart setup indicates high risk for the $94.13M company. The gap down was reported on Nov, 7 by Barchart.com. If the $9.59 price target is reached, the company will be worth $13.18 million 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 23,100 shares traded hands or 62.47% up from the average. FIRST ASSET INVESTMENT GRADE BOND ETF (TSE:FIG) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

More recent FIRST ASSET INVESTMENT GRADE BOND ETF (TSE:FIG) news were published by: Blogs.Wsj.com which released: “A Pair of Record Withdrawals Just Hit Corporate Bond ETFs” on October 31, 2016. Also Etftrends.com published the news titled: “Nuveen Looks to Aggregate Bonds for First ETF Launch Today” on September 15, 2016. Seekingalpha.com‘s news article titled: “Stocks And Bonds: Which Asset Class Balloon Will Pop First?” with publication date: July 11, 2016 was also an interesting one.

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