ISHARES 1-5 YR LADDER GOVT BOND ETF’s Stock Is Sell After Today’s Gap Down

 ISHARES 1 5 YR LADDER GOVT BOND ETF's Stock Is Sell After Today's Gap Down

The stock of ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) gapped down by $0.05 today and has $17.33 target or 7.00% below today’s $18.63 share price. The 7 months technical chart setup indicates high risk for the $1.03B company. The gap down was reported on Nov, 23 by Barchart.com. If the $17.33 price target is reached, the company will be worth $72.10 million 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%. About 13,796 shares traded hands. ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) has declined 1.58% since April 19, 2016 and is downtrending. It has underperformed by 6.91% the S&P500.

More notable recent ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) news were published by: Fool.ca which released: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” on May 12, 2015, also Marketwired.com with their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” published on August 15, 2016, Theglobeandmail.com published: “Corporate bond ETFs: More than meets the eye” on October 04, 2014. More interesting news about ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) were released by: Marketwired.com and their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces October Cash Distributions for the iShares(R) ETFs” with publication date: October 13, 2016.

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