The stock of iSHARES JP MORGAN USD EMERG MKTS BD IDX (TSE:XEB) gapped down by $0.11 today and has $18.16 target or 12.00% below today’s $20.64 share price. The 6 months technical chart setup indicates high risk for the $40.46M company. The gap down was reported on Nov, 14 by Barchart.com. If the $18.16 price target is reached, the company will be worth $4.86 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 25,878 shares traded hands or 1055.78% up from the average. iSHARES JP MORGAN USD EMERG MKTS BD IDX (TSE:XEB) has declined 1.00% since April 8, 2016 and is downtrending. It has underperformed by 5.98% the S&P500.
More notable recent iSHARES JP MORGAN USD EMERG MKTS BD IDX (TSE:XEB) news were published by: Seekingalpha.com which released: “Emerging-Markets Bonds In A Rising US Dollar Environment” on November 04, 2014, also Marketwired.com with their article: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” published on June 08, 2016, Benzinga.com published: “Bolstering The Case For Emerging Markets Bond ETFs” on June 28, 2016. More interesting news about iSHARES JP MORGAN USD EMERG MKTS BD IDX (TSE:XEB) were released by: Marketwired.com and their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” published on August 15, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” with publication date: September 07, 2016.
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