The stock of iShares FTSE Macquarie G I 100 Fd (ETF) (LON:INFR) gapped up by GBX 10.79 today and has GBX 2787.12 target or 44.00% above today’s GBX 1935.50 share price. The 5 months technical chart setup indicates low risk for the GBX 396.59M company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 2787.12 price target is reached, the company will be worth GBX 174.50 million 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 1.72% or GBX 32.75 on November 8, hitting GBX 1935.5. About 53,714 shares traded hands or 111.23% up from the average. iShares FTSE Macquarie G I 100 Fd (ETF) (LON:INFR) has declined 1.15% since March 30, 2016 and is downtrending. It has underperformed by 3.10% the S&P500.
iShares FTSE/Macquarie Global Infrastructure 100 is an exchange-traded fund. The ETF has a market cap of 396.59 million GBP. The Fund’s investment objective is to provide total return (both capital and income returns), which reflects the return of its benchmark index, Macquarie Global Infrastructure 100. It has a 44.03 P/E ratio. The Macquarie Global Infrastructure 100 is designed to reflect the stock performance of companies within the infrastructure industry, principally those engaged in management, ownership and operation of infrastructure and utility assets.
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