Could DB X-TRACKERS MSCI EUROPE SMALL CAP TRN INDEX ETF Recover After Today’s Gap Down?

 Could DB X TRACKERS MSCI EUROPE SMALL CAP TRN INDEX ETF Recover After Today's Gap Down?

The stock of DB X-TRACKERS MSCI EUROPE SMALL CAP TRN INDEX ETF (LON:XXSC) gapped down by GBX 4.95 today and has GBX 2605.80 target or 14.00% below today’s GBX 3030.00 share price. The 6 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 2605.80 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 0.35% or GBX 10.5 on November 10, hitting GBX 3030. About 4,501 shares traded hands. DB X-TRACKERS MSCI EUROPE SMALL CAP TRN INDEX ETF (LON:XXSC) has risen 11.09% since April 4, 2016 and is uptrending. It has outperformed by 5.44% the S&P500.

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