ISHARES PLC ISHARES CORE EM IMI UCITS ETF Draws Bearish Focus After Its Gap Down Today

 ISHARES PLC ISHARES CORE EM IMI UCITS ETF Draws Bearish Focus After Its Gap Down Today

The stock of ISHARES PLC ISHARES CORE EM IMI UCITS ETF (LON:EMIM) gapped down by GBX 17.46 today and has GBX 1548.80 target or 12.00% below today’s GBX 1760.00 share price. The 9 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 1548.80 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 3.40% or GBX 62 on November 10, hitting GBX 1760. About 215,716 shares traded hands or 2.25% up from the average. ISHARES PLC ISHARES CORE EM IMI UCITS ETF (LON:EMIM) has risen 24.20% since April 4, 2016 and is uptrending. It has outperformed by 18.55% 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.

Related posts

Leave a Comment