ISHARES III PLC ISHARES EM ASIA LOCAL GOV BND UCITS ETF Gaps Down Today, Is Now One of The Worst Performers

 ISHARES III PLC ISHARES EM ASIA LOCAL GOV BND UCITS ETF Gaps Down Today, Is Now One of The Worst Performers

The stock of ISHARES III PLC ISHARES EM ASIA LOCAL GOV BND UCITS ETF (LON:IGEA) gapped down by GBX 0.56 today and has GBX 77.07 target or 11.00% below today’s GBX 86.59 share price. The 9 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 77.07 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 ETF decreased 1.15% or GBX 1.01 on November 18, hitting GBX 86.59. About 16,013 shares traded hands or 1037.29% up from the average. ISHARES III PLC ISHARES EM ASIA LOCAL GOV BND UCITS ETF (LON:IGEA) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.

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