Could DB X-TRACKERS DBX S&P 500 INVERSE DAILY ETF Change Direction After Reaching All-Time Low?

 Could DB X TRACKERS DBX S&P 500 INVERSE DAILY ETF Change Direction After Reaching All Time Low?

The stock of DB X-TRACKERS DBX S&P 500 INVERSE DAILY ETF (LON:XSPD) reached all time low today, Nov, 24 and still has GBX 17.34 target or 9.00% below today’s GBX 19.05 share price. This indicates more downside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 17.34 PT is reached, the company will be worth GBX less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The ETF 0.03% or GBX 0 on November 24, hitting GBX 19.05. It is down 8.09% since April 19, 2016 and is uptrending. It has outperformed by 2.68% the S&P500.

More news for DB X-TRACKERS DBX S&P 500 INVERSE DAILY ETF (LON:XSPD) were recently published by: Businesswire.com, which released: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …” on June 29, 2016. Businesswire.com‘s article titled: “Important Notice to Shareholders” and published on August 21, 2015 is yet another important article.

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