Bearish Gap Down for DB X-TRACKERS DBX MSCI INDIA ETF After Worse Fundamentals

 Bearish Gap Down for DB X TRACKERS DBX MSCI INDIA ETF After Worse Fundamentals

The stock of DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) gapped down by GBX 4.317 today and has GBX 679.96 target or 11.00% below today’s GBX 764.00 share price. The 5 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 679.96 price target is reached, the company will be worth GBX 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%. The ETF decreased 1.56% or GBX 12.12 on November 10, hitting GBX 764. About 90,495 shares traded hands or 393.67% up from the average. DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) has risen 3.87% since April 4, 2016 and is uptrending. It has underperformed by 1.78% the S&P500.

More recent DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) news were published by: Businesswire.com which released: “db x-trackers UK Regulatory Announcement: Important Notice to Shareholders” on August 07, 2015. Also Benzinga.com published the news titled: “Getting ‘Real’ About Brazil ETFs” on August 16, 2013. Ft.com‘s news article titled: “Trump or Clinton? What would they mean for investors?” with publication date: April 29, 2016 was also an interesting one.

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