Could DB X-TRACKERS DBX S&P 500 2X LEVERAGED ETF Recover After Today’s Gap Up?

 Could DB X TRACKERS DBX S&P 500 2X LEVERAGED ETF Recover After Today's Gap Up?

The stock of DB X-TRACKERS DBX S&P 500 2X LEVERAGED ETF (LON:XS2D) gapped up by GBX 0.53 today and has GBX 68.04 target or 64.00% above today’s GBX 41.49 share price. The 6 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 68.04 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 1.18% or GBX 0.49 on November 8, hitting GBX 41.49. About 6,685 shares traded hands. DB X-TRACKERS DBX S&P 500 2X LEVERAGED ETF (LON:XS2D) has risen 5.92% since March 30, 2016 and is uptrending. It has outperformed by 3.96% the S&P500.

More news for DB X-TRACKERS DBX S&P 500 2X LEVERAGED ETF (LON:XS2D) were recently published by: Businesswire.com, which released: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …” on June 29, 2016. Businesswire.com‘s article titled: “Important Notice to Shareholders” and published on August 21, 2015 is yet another important article.

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