The stock of DB X-TRACKERS DBX MSCI AC ASIA EX JAPAN ETF (LON:XAXJ) gapped down by GBX 26.54 today and has GBX 2310.82 target or 14.00% below today’s GBX 2687.00 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 2310.82 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 2.42% or GBX 66.5 on November 10, hitting GBX 2687. About 54,506 shares traded hands or 177.17% up from the average. DB X-TRACKERS DBX MSCI AC ASIA EX JAPAN ETF (LON:XAXJ) has risen 25.41% since March 31, 2016 and is uptrending. It has outperformed by 19.77% the S&P500.
Another recent and important DB X-TRACKERS DBX MSCI AC ASIA EX JAPAN ETF (LON:XAXJ) news was published by Businesswire.com which published an article titled: “Important Notice to Shareholders” on August 21, 2015.