iSHARES JP MORGAN USD EMERG MKTS BD IDX Gap Down Today Means Higher Risks Forward

 iSHARES JP MORGAN USD EMERG MKTS BD IDX Gap Down Today Means Higher Risks Forward

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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