The stock of ISHARES FTSE 100 UCITS ETF (LON:ISF) gapped up by GBX 2.35 today and has GBX 948.50 target or 40.00% above today’s GBX 677.50 share price. The 8 months technical chart setup indicates low risk for the GBX 4.18 billion company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 948.50 price target is reached, the company will be worth GBX 1.67B 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 0.49% or GBX 3.3 on November 8, hitting GBX 677.5. About 3.67M shares traded hands. ISHARES FTSE 100 UCITS ETF (LON:ISF) has risen 9.70% since March 30, 2016 and is uptrending. It has outperformed by 7.74% the S&P500.
Another recent and important ISHARES FTSE 100 UCITS ETF (LON:ISF) news was published by Fool.Co.Uk which published an article titled: “The Case For Buying A FTSE 100 And FTSE 250 Tracker Gets Even Stronger” on April 22, 2015.
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