What Next for iSHARES CORE MSCI EAFE IMI INDEX ETF After Today’s Gap Down?

 What Next for iSHARES CORE MSCI EAFE IMI INDEX ETF After Today's Gap Down?

The stock of iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) gapped down by $0.05 today and has $24.36 target or 6.00% below today’s $25.91 share price. The 8 months technical chart setup indicates high risk for the $680.16 million company. The gap down was reported on Nov, 16 by Barchart.com. If the $24.36 price target is reached, the company will be worth $40.81 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 49,564 shares traded hands or 92.10% up from the average. iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) has risen 2.43% since April 14, 2016 and is uptrending. It has underperformed by 2.26% the S&P500.

More notable recent iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) news were published by: Marketwired.com which released: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016, also Fool.com with their article: “iShares ETF: Top Choices for Your Portfolio” published on September 26, 2016, Theglobeandmail.com published: “New ETF offers Canadians unhedged exposure to US dividend stocks” on February 17, 2015. More interesting news about iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) were released by: Marketwired.com and their article: “iShares Adds Low-Cost Access to Short Duration, High Quality Bonds to the Core …” published on July 21, 2014 as well as Marketwired.com‘s news article titled: “BlackRock Canada Announces Certain Changes to XEF” with publication date: August 22, 2014.

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