The stock of ISHARES II PLC ISHARES J.P. MORGAN $ EM BND UCITS ETF (LON:SEMB) gapped down by GBX 3.55 today and has GBX 7861.07 target or 10.00% below today’s GBX 8734.52 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 7861.07 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 3.56% or GBX 322.48 on November 10, hitting GBX 8734.52. About 10,667 shares traded hands or 32.91% up from the average. ISHARES II PLC ISHARES J.P. MORGAN $ EM BND UCITS ETF (LON:SEMB) has risen 17.59% since April 4, 2016 and is uptrending. It has outperformed by 11.94% the S&P500.
More news for ISHARES II PLC ISHARES J.P. MORGAN $ EM BND UCITS ETF (LON:SEMB) were recently published by: Bloomberg.com, which released: “Bond ETFs Swelling in Europe as Trading Debt Gets Tougher” on July 25, 2014. Barrons.com‘s article titled: “As Bond Yields Tumble, Junk and Gilts Shine” and published on June 11, 2016 is yet another important article.
SEMB.L Company Profile
iShares JPMorgan USD Emerging Markets Bond Fund (the Fund) is a non-diversified fund. The investment objective of the Fund is to provide investment results that correspond generally to the price and yield performance of a specified benchmark index (the Underlying Index) representing a segment of emerging countries bond markets. The Fund seeks to achieve its objective by investing primarily in fixed-income securities that comprise the Underlying Index. The Fund operates as an index fund and will not be actively managed. The adverse performance of a security in the Fundâ€™s portfolio will ordinarily not result in the elimination of the security from the Fundâ€™s portfolio. The Fund is managed by Barclays Global Fund Advisors (BGFA), a subsidiary of iShares JPMorgan USD Emerging Markets Bond Fund (BGI).
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