The stock of DB X-TRACKERS DBX S&P 500 2X INVERSE DAILY ETF (LON:XT2D) hit a new 52-week low and has GBX 3.05 target or 10.00% below today’s GBX 3.39 share price. The 8 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 11 by Barchart.com. If the GBX 3.05 price target is reached, the company will be worth GBX less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The ETF increased 0.67% or GBX 0.02 on November 11, hitting GBX 3.39. About 135,470 shares traded hands. DB X-TRACKERS DBX S&P 500 2X INVERSE DAILY ETF (LON:XT2D) has declined 14.67% since April 5, 2016 and is downtrending. It has underperformed by 20.82% the S&P500.
More news for DB X-TRACKERS DBX S&P 500 2X INVERSE DAILY ETF (LON:XT2D) were recently published by: Businesswire.com, which released: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …” on June 29, 2016. Businesswire.com‘s article titled: “Important Notice to Shareholders” and published on August 21, 2015 is yet another important article.
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