iSHARES CORE CDN LONG TERM BOND IDX ETF Gap Down Today Means Higher Risks Forward

 iSHARES CORE CDN LONG TERM BOND IDX ETF Gap Down Today Means Higher Risks Forward

The stock of iSHARES CORE CDN LONG TERM BOND IDX ETF (TSE:XLB) gapped down by $0.11 today and has $21.58 target or 13.00% below today’s $24.81 share price. The 7 months technical chart setup indicates high risk for the $324.48 million company. The gap down was reported on Nov, 7 by Barchart.com. If the $21.58 price target is reached, the company will be worth $42.18M 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 12,377 shares traded hands. iSHARES CORE CDN LONG TERM BOND IDX ETF (TSE:XLB) has risen 4.04% since April 1, 2016 and is uptrending. It has outperformed by 2.09% the S&P500.

More notable recent iSHARES CORE CDN LONG TERM BOND IDX ETF (TSE:XLB) news were published by: Marketwired.com which released: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” on August 15, 2016, also Marketwired.com with their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016, Marketwired.com published: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016. More interesting news about iSHARES CORE CDN LONG TERM BOND IDX ETF (TSE:XLB) were released by: Marketwired.com and their article: “BlackRock® Canada Announces April Cash Distributions for the iShares® ETFs” published on April 13, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces May Cash Distributions for the iShares(R) ETFs” with publication date: May 12, 2016.

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