The stock of ISHARES IV PLC ISHARES MSCI CHINA A UCITS ETF (LON:CNYA) gapped up by GBX 0.016 today and has GBX 5.23 target or 44.00% above today’s GBX 3.63 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 18 by Barchart.com. If the GBX 5.23 price target is reached, the company will be worth GBX 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%. The ETF increased 0.15% or GBX 0.01 on November 18, hitting GBX 3.63. ISHARES IV PLC ISHARES MSCI CHINA A UCITS ETF (LON:CNYA) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
Another recent and important ISHARES IV PLC ISHARES MSCI CHINA A UCITS ETF (LON:CNYA) news was published by Benzinga.com which published an article titled: “Right After MSCI Snub, A New A-Shares ETF Debuts” on June 16, 2016.
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