The stock of ISHARES II PLC ISHARES $ TIPS UCITS ETF (LON:ITPS) gapped up by GBX 0.214 today and has GBX 242.53 target or 48.00% above today’s GBX 163.87 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 242.53 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 0.17% or GBX 0.29 on November 8, hitting GBX 163.87. About 14,334 shares traded hands. ISHARES II PLC ISHARES $ TIPS UCITS ETF (LON:ITPS) has risen 2.60% since March 30, 2016 and is uptrending. It has outperformed by 0.65% the S&P500.
More news for ISHARES II PLC ISHARES $ TIPS UCITS ETF (LON:ITPS) were recently published by: Benzinga.com, which released: “SocGen’s 3 Ways To Play A Brexit” on March 09, 2016. Benzinga.com‘s article titled: “Right After MSCI Snub, A New A-Shares ETF Debuts” and published on June 16, 2016 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.