The stock of DB X-TRACKERS DBX MSCI EUROPE INDEX UCITS ETF (DR) (LON:XMEU) gapped down by GBX 7.04 today and has GBX 3831.96 target or 8.00% below today’s GBX 4165.17 share price. The 9 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 22 by Barchart.com. If the GBX 3831.96 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 increased 0.91% or GBX 37.67 on November 22, hitting GBX 4165.17. About 2,153 shares traded hands. DB X-TRACKERS DBX MSCI EUROPE INDEX UCITS ETF (DR) (LON:XMEU) has declined 4.39% since April 14, 2016 and is downtrending. It has underperformed by 8.95% the S&P500.
More important recent DB X-TRACKERS DBX MSCI EUROPE INDEX UCITS ETF (DR) (LON:XMEU) news were published by: Businesswire.com which released: “db x-trackers UK Regulatory Announcement: IMPORTANT NOTICE TO THE SHAREHOLDERS …” on March 07, 2016, also Businesswire.com published article titled: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …”, Businesswire.com published: “Important Notice to Shareholders” on August 21, 2015. More interesting news about DB X-TRACKERS DBX MSCI EUROPE INDEX UCITS ETF (DR) (LON:XMEU) was released by: Ft.com and their article: “Trump or Clinton? What would they mean for investors?” with publication date: April 29, 2016.
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