The stock of DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) gapped up by GBX 4.223 today and has GBX 1898.40 target or 140.00% above today’s GBX 791.00 share price. The 7 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 1898.40 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 decreased 0.14% or GBX 1.12 on November 8, hitting GBX 791. About 9,770 shares traded hands. DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) has risen 7.63% since March 28, 2016 and is uptrending. It has outperformed by 5.67% the S&P500.
More notable recent DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) news were published by: Businesswire.com which released: “db x-trackers UK Regulatory Announcement: Important Notice to Shareholders” on August 07, 2015, also Benzinga.com with their article: “Getting ‘Real’ About Brazil ETFs” published on August 16, 2013, Ft.com published: “Trump or Clinton? What would they mean for investors?” on April 29, 2016. More interesting news about DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) were released by: Benzinga.com and their article: “Investors Bet Big On Currency-Hedged German ETF” published on March 18, 2015 as well as Benzinga.com‘s news article titled: “The Strong Dollar Catalyst No One Is Talking About” with publication date: October 15, 2015.
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