The stock of DB X-TRACKERS DBX MSCI EM LATAM ETF (LON:XMLD) gapped up by GBX 0.42 today and has GBX 39.86 target or 5.00% above today’s GBX 37.96 share price. The 7 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 22 by Barchart.com. If the GBX 39.86 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 1.51% or GBX 0.56 on November 22, hitting GBX 37.96. About 1,496 shares traded hands. DB X-TRACKERS DBX MSCI EM LATAM ETF (LON:XMLD) has risen 3.98% since April 14, 2016 and is uptrending. It has underperformed by 0.58% the S&P500.
More recent DB X-TRACKERS DBX MSCI EM LATAM ETF (LON:XMLD) news were published by: Businesswire.com which released: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …” on June 29, 2016. Also Businesswire.com published the news titled: “Important Notice to Shareholders” on August 21, 2015. Ft.com‘s news article titled: “Trump or Clinton? What would they mean for investors?” with publication date: April 29, 2016 was also an interesting one.
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