What’s Next for iSHARES MSCI EMERGING MARKETS IDX ETF After Today’s Gap Down?

 What's Next for iSHARES MSCI EMERGING MARKETS IDX ETF After Today's Gap Down?

The stock of iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) gapped down by $0.32 today and has $22.63 target or 14.00% below today’s $26.31 share price. The 6 months technical chart setup indicates high risk for the $197.58 million company. The gap down was reported on Nov, 11 by Barchart.com. If the $22.63 price target is reached, the company will be worth $27.66M 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%. About 22,594 shares traded hands or 17.21% up from the average. iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) has risen 10.29% since April 7, 2016 and is uptrending. It has outperformed by 4.14% the S&P500.

More notable recent iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) news were published by: Etfdailynews.com which released: “Emerging Markets ETFs Bracing for Larger Pullback?” on October 12, 2016, also Etfdailynews.com with their article: “Emerging Markets are Still a “Buy,” According to Zacks” published on September 01, 2016, Etfdailynews.com published: “BlackRock: Fed’s Inaction is Bullish for Emerging Markets” on August 16, 2016. More interesting news about iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) were released by: Etfdailynews.com and their article: “Is This Emerging Markets Rally for Real?” published on August 10, 2016 as well as Nasdaq.com‘s news article titled: “iShares MSCI Emerging Markets (EEM) Enters Oversold Territory” with publication date: November 11, 2016.

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