The stock of DB X-TRACKERS DBX MSCI EMERGING MARKET ASIA ETF (LON:XMAS) gapped up by GBX 14.78 today and has GBX 3194.65 target or 4.00% above today’s GBX 3071.78 share price. The 5 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 3194.65 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 0.50% or GBX 15.28 on November 28, hitting GBX 3071.78. About 27,384 shares traded hands or 90.83% up from the average. DB X-TRACKERS DBX MSCI EMERGING MARKET ASIA ETF (LON:XMAS) has risen 2.52% since April 20, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.
More important recent DB X-TRACKERS DBX MSCI EMERGING MARKET ASIA ETF (LON:XMAS) 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 article titled: “Important Notice to Shareholders”, Ft.com published: “Trump or Clinton? What would they mean for investors?” on April 29, 2016. More interesting news about DB X-TRACKERS DBX MSCI EMERGING MARKET ASIA ETF (LON:XMAS) was released by: Benzinga.com and their article: “Deutsche Asset Management Cuts Fees On 4 China ETFs” with publication date: August 02, 2016.
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