The stock of DB X-TRACKERS DBX MSCI EMERGING MARKET ETF (LON:XMMD) gapped up by GBX 0.45 today and has GBX 95.57 target or 159.00% above today’s GBX 36.90 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 95.57 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 0.70% or GBX 0.26 on November 8, hitting GBX 36.9. About 68,718 shares traded hands. DB X-TRACKERS DBX MSCI EMERGING MARKET ETF (LON:XMMD) has risen 8.27% since March 30, 2016 and is uptrending. It has outperformed by 6.32% the S&P500.
More important recent DB X-TRACKERS DBX MSCI EMERGING MARKET ETF (LON:XMMD) news were published by: Businesswire.com which released: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …” on June 29, 2016, also Businesswire.com published article titled: “db x-trackers UK Regulatory Announcement: Important Notice to Shareholders”, Benzinga.com published: “Getting ‘Real’ About Brazil ETFs” on August 16, 2013. More interesting news about DB X-TRACKERS DBX MSCI EMERGING MARKET ETF (LON:XMMD) was released by: Benzinga.com and their article: “Three Surprising Sources of Global ETF Yield” with publication date: May 21, 2013.
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