The stock of iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) gapped up by $0.07 today and has $59.67 target or 125.00% above today’s $26.52 share price. The 6 months technical chart setup indicates low risk for the $196.88M company. The gap was reported on Nov, 17 by Barchart.com. If the $59.67 price target is reached, the company will be worth $246.10M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 11,109 shares traded hands. iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) has risen 4.50% since April 13, 2016 and is uptrending. It has underperformed by 0.13% the S&P500.
More notable recent iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) news were published by: Etfdailynews.com which released: “Emerging Markets ETFs Bracing for Larger Pullback?” on October 12, 2016, also Etfdailynews.com with their article: “BlackRock: Emerging Markets a Key to Better Returns” published on October 05, 2016, Marketwatch.com published: “Don’t blame Trump’s tough trade talk for emerging-market selloff” on November 16, 2016. More interesting news about iSHARES MSCI EMERGING MARKETS IDX ETF (TSE:XEM) were released by: Etfdailynews.com and their article: “Investors Are Fleeing From Emerging Markets And Gold Funds” published on November 16, 2016 as well as Seekingalpha.com‘s news article titled: “Emerging Market ETFs Dip After Trump Win, Time To Buy?” with publication date: November 15, 2016.
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