The stock of DB X-TRACKERS DB X-TRACKERS FTSE 100 UCITS ETF (DR) (LON:XUKX) gapped up by GBX 3.25 today and has GBX 1609.50 target or 123.00% above today’s GBX 721.75 share price. The 9 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 1609.50 price target is reached, the company will be worth GBX 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%. The ETF increased 0.56% or GBX 4 on November 8, hitting GBX 721.75. About 243,745 shares traded hands or 232.78% up from the average. DB X-TRACKERS DB X-TRACKERS FTSE 100 UCITS ETF (DR) (LON:XUKX) has risen 8.38% since March 30, 2016 and is uptrending. It has outperformed by 6.42% the S&P500.
More recent DB X-TRACKERS DB X-TRACKERS FTSE 100 UCITS ETF (DR) (LON:XUKX) news were published by: Businesswire.com which released: “db x-trackers UK Regulatory Announcement: Important Notice to Shareholders” on June 19, 2015. Also Businesswire.com published the news titled: “db x-trackers UK Regulatory Announcement: Dividend Announcement” on March 30, 2015. Businesswire.com‘s news article titled: “db x-trackers UK Regulatory Announcement: Important Notice to the Shareholders” with publication date: May 08, 2015 was also an interesting one.
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