Does DB X-TRACKERS DBX MSCI JAPAN IDX UCITS ETF (DR) Have Any Gas After Today’s Gap Down?

 Does DB X TRACKERS DBX MSCI JAPAN IDX UCITS ETF (DR) Have Any Gas After Today's Gap Down?

The stock of DB X-TRACKERS DBX MSCI JAPAN IDX UCITS ETF (DR) (LON:XMJP) gapped down by GBX 11.5 today and has GBX 3476.52 target or 13.00% below today’s GBX 3996.00 share price. The 8 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 3476.52 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 0.12% or GBX 5 on November 10, hitting GBX 3996. About 6,219 shares traded hands. DB X-TRACKERS DBX MSCI JAPAN IDX UCITS ETF (DR) (LON:XMJP) has risen 28.16% since April 4, 2016 and is uptrending. It has outperformed by 22.51% 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.

Tags:

Related posts

Leave a Comment