The stock of ISHARES V PUBLIC LIMITED COMPANY ISHARES EM DIVIDEND UCITS ETF (LON:SEDY) gapped down by GBX 11 today and has GBX 1355.85 target or 10.00% below today’s GBX 1506.50 share price. The 7 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 1355.85 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 2.99% or GBX 46.5 on November 10, hitting GBX 1506.5. About 17,965 shares traded hands. ISHARES V PUBLIC LIMITED COMPANY ISHARES EM DIVIDEND UCITS ETF (LON:SEDY) has risen 24.14% since March 30, 2016 and is uptrending. It has outperformed by 18.49% the S&P500.
Another recent and important ISHARES V PUBLIC LIMITED COMPANY ISHARES EM DIVIDEND UCITS ETF (LON:SEDY) news was published by Ft.com which published an article titled: “Index trackers have taken off but risks remain” on August 08, 2014.
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