The stock of MULTI UNITS LUXEMBOURG LYXOR US TIPS (DR) UCITS ETF D – USD (LON:TIPU) reached all time low today, Nov, 24 and still has GBX 91.68 target or 6.00% below today’s GBX 97.53 share price. This indicates more downside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 91.68 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 increased 0.60% or GBX 0.58 on November 24, hitting GBX 97.53. MULTI UNITS LUXEMBOURG LYXOR US TIPS (DR) UCITS ETF D – USD (LON:TIPU) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
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