The stock of iShares DEX Real Return Bond Index Fund (TSE:XRB) gapped down by $0.23 today and has $22.04 target or 12.00% below today’s $25.04 share price. The 9 months technical chart setup indicates high risk for the $467.38M company. The gap down was reported on Nov, 14 by Barchart.com. If the $22.04 price target is reached, the company will be worth $56.09M 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 109,564 shares traded hands or 409.39% up from the average. iShares DEX Real Return Bond Index Fund (TSE:XRB) has risen 2.00% since April 8, 2016 and is uptrending. It has underperformed by 2.99% the S&P500.
More notable recent iShares DEX Real Return Bond Index Fund (TSE:XRB) news were published by: Theglobeandmail.com which released: “Real-return bond fund offers a way to bet on rising inflation” on April 19, 2011, also Theglobeandmail.com with their article: “Beware the risk in bond funds” published on July 10, 2013, Theglobeandmail.com published: “Four tips for nervous bond investors” on June 14, 2013. More interesting news about iShares DEX Real Return Bond Index Fund (TSE:XRB) were released by: Theglobeandmail.com and their article: “Bond returns: How to avoid the interest-rate steamroller” published on August 23, 2013 as well as Etfdailynews.com‘s news article titled: “The True Cost of Foreign Withholding Taxes [VANGUARD US TOTAL MARKET IDX ETF …” with publication date: February 20, 2014.
iShares CDN DEX Real Return Bond Index Fund, formerly iShares CDN DEX Real Return Bond Index Fund, seeks to provide income by replicating, to the extent possible, the performance of the DEX Real Return Bond Index . The company has a market cap of $467.38 million. The Index is a market capitalization index consisting primarily of Canadian federal and provincial real return bonds. It currently has negative earnings.
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