Could DB X-TRACKERS DBXT HARVEST CSI300 INDEX UCITS ETF (DR) See a Reversal After Having a Gap Up Today?

 Could DB X TRACKERS DBXT HARVEST CSI300 INDEX UCITS ETF (DR) See a Reversal After Having a Gap Up Today?

The stock of DB X-TRACKERS DBXT HARVEST CSI300 INDEX UCITS ETF (DR) (LON:RQFI) gapped up by GBX 9.125 today and has GBX 882.09 target or 8.00% above today’s GBX 816.75 share price. The 5 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 23 by Barchart.com. If the GBX 882.09 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 0.51% or GBX 4.12 on November 23, hitting GBX 816.75. About 40,589 shares traded hands. DB X-TRACKERS DBXT HARVEST CSI300 INDEX UCITS ETF (DR) (LON:RQFI) has risen 14.49% since April 14, 2016 and is uptrending. It has outperformed by 9.17% the S&P500.

Another recent and important DB X-TRACKERS DBXT HARVEST CSI300 INDEX UCITS ETF (DR) (LON:RQFI) news was published by Valuewalk.com which published an article titled: “Finding Value In China A Shares” on July 11, 2014.

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