The stock of iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) gapped down by $0.26 today and has $24.15 target or 12.00% below today’s $27.44 share price. The 7 months technical chart setup indicates high risk for the $205.42 million company. The gap down was reported on Nov, 9 by Barchart.com. If the $24.15 price target is reached, the company will be worth $24.65 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 23,276 shares traded hands or 20.34% up from the average. iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) has risen 15.23% since April 5, 2016 and is uptrending. It has outperformed by 10.45% the S&P500.
More notable recent iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) news were published by: Etfdailynews.com which released: “Emerging Markets ETFs Bracing for Larger Pullback?” on October 12, 2016, also Etfdailynews.com with their article: “Emerging Markets are Still a “Buy,” According to Zacks” published on September 01, 2016, Etfdailynews.com published: “BlackRock: Fed’s Inaction is Bullish for Emerging Markets” on August 16, 2016. More interesting news about iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) were released by: Benzinga.com and their article: “Todd Gordon’s iShares MSCI Emerging Markets Indx ETF Trade” published on October 10, 2016 as well as Etfdailynews.com‘s news article titled: “BlackRock: Emerging Markets Risk-Reward Looking Good” with publication date: October 28, 2016.
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.