The stock of ISHARES PLC ISHARES MSCI EM UCITS ETF (DIST) (LON:IEEM) gapped up by GBX 39.5 today and has GBX 7342.19 target or 160.00% above today’s GBX 2823.92 share price. The 6 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 7342.19 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 0.42% or GBX 11.92 on November 8, hitting GBX 2823.92. About 289,483 shares traded hands. ISHARES PLC ISHARES MSCI EM UCITS ETF (DIST) (LON:IEEM) has risen 7.18% since March 30, 2016 and is uptrending. It has outperformed by 5.23% the S&P500.
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.