The stock of ISHARES II PLC ISHARES $ HIGH YIELD CORP BND UCITS ETF (LON:SHYU) gapped up by GBX 0.87 today and has GBX 247.38 target or 192.00% above today’s GBX 84.72 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 247.38 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 0.04% or GBX 0.03 on November 8, hitting GBX 84.72. About 18,366 shares traded hands. ISHARES II PLC ISHARES $ HIGH YIELD CORP BND UCITS ETF (LON:SHYU) has risen 23.80% since March 30, 2016 and is uptrending. It has outperformed by 21.85% the S&P500.
Another recent and important ISHARES II PLC ISHARES $ HIGH YIELD CORP BND UCITS ETF (LON:SHYU) news was published by Barrons.com which published an article titled: “As Bond Yields Tumble, Junk and Gilts Shine” on June 11, 2016.
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