The stock of iShares Dex Short Term Corporate Bond UPM Index Fund (TSE:XSH) gapped down by $0.01 today and has $17.83 target or 9.00% below today’s $19.59 share price. The 7 months technical chart setup indicates high risk for the $544.86M company. The gap down was reported on Nov, 14 by Barchart.com. If the $17.83 price target is reached, the company will be worth $49.04 million 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 14,447 shares traded hands. iShares Dex Short Term Corporate Bond UPM Index Fund (TSE:XSH) has declined 0.10% since April 8, 2016 and is downtrending. It has underperformed by 5.08% the S&P500.
Another recent and important iShares Dex Short Term Corporate Bond UPM Index Fund (TSE:XSH) news was published by Seekingalpha.com which published an article titled: “A Beginner’s Guide To Portfolio Design” on March 09, 2016.
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