The stock of DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) gapped down by GBX 0.75 today and has GBX 701.31 target or 3.00% below today’s GBX 723.00 share price. The 5 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 701.31 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 1.40% or GBX 10 on November 22, hitting GBX 723. About 21,186 shares traded hands. DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) has declined 5.79% since April 14, 2016 and is downtrending. It has underperformed by 10.35% the S&P500.
More notable recent DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) news were published by: Businesswire.com which released: “db x-trackers UK Regulatory Announcement: Important Notice to Shareholders” on August 07, 2015, also Benzinga.com with their article: “Getting ‘Real’ About Brazil ETFs” published on August 16, 2013, Benzinga.com published: “Small Dip in Japan ETFs Could be Pre-Election Opportunity” on July 19, 2013. More interesting news about DB X-TRACKERS DBX MSCI INDIA ETF (LON:XCX5) were released by: Ft.com and their article: “Trump or Clinton? What would they mean for investors?” published on April 29, 2016 as well as Benzinga.com‘s news article titled: “Investors Bet Big On Currency-Hedged German ETF” with publication date: March 18, 2015.
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