The stock of DB X-TRACKERS II DB X-TRACKERS II BARCLAYS GLOBAL AGG BND (LON:XBAG) gapped down by GBX 1.3 today and has GBX 3137.18 target or 12.00% below today’s GBX 3564.98 share price. The 8 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 18 by Barchart.com. If the GBX 3137.18 price target is reached, the company will be worth GBX 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%. The stock decreased 0.28% or GBX 10.02 on November 18, hitting GBX 3564.98. About 131,520 shares traded hands or 1281.51% up from the average. DB X-TRACKERS II DB X-TRACKERS II BARCLAYS GLOBAL AGG BND (LON:XBAG) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
Another recent and important DB X-TRACKERS II DB X-TRACKERS II BARCLAYS GLOBAL AGG BND (LON:XBAG) news was published by Streetinsider.com which published an article titled: “Form 497K DBX ETF Trust” on October 20, 2016.
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