The stock of DB X-TRACKERS DBX MSCI EMERGING MARKET ETF (LON:XMEM) gapped down by GBX 48 today and has GBX 2421.21 target or 13.00% below today’s GBX 2783.00 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 2421.21 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 3.52% or GBX 101.5 on November 10, hitting GBX 2783. About 443,945 shares traded hands or 768.78% up from the average. DB X-TRACKERS DBX MSCI EMERGING MARKET ETF (LON:XMEM) has risen 9.15% since March 31, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.
More recent DB X-TRACKERS DBX MSCI EMERGING MARKET ETF (LON:XMEM) news were published by: Businesswire.com which released: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …” on June 29, 2016. Also Businesswire.com published the news titled: “db x-trackers UK Regulatory Announcement: Important Notice to Shareholders” on May 27, 2016. Benzinga.com‘s news article titled: “Getting ‘Real’ About Brazil ETFs” with publication date: August 16, 2013 was also an interesting one.
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.