Some Traders Are Very Bullish on DB X-TRACKERS DBX MSCI KOREA IDX UCITS (DR) ETF After Today’s Gap Up

 Some Traders Are Very Bullish on DB X TRACKERS DBX MSCI KOREA IDX UCITS (DR) ETF After Today's Gap Up

The stock of DB X-TRACKERS DBX MSCI KOREA IDX UCITS (DR) ETF (LON:XKSD) gapped up by GBX 0.195 today and has GBX 57.30 target or 5.00% above today’s GBX 54.57 share price. The 9 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 57.30 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 0.36% or GBX 0.19 on November 28, hitting GBX 54.57. About 18,000 shares traded hands or 496.03% up from the average. DB X-TRACKERS DBX MSCI KOREA IDX UCITS (DR) ETF (LON:XKSD) has risen 14.03% since April 20, 2016 and is uptrending. It has outperformed by 8.01% the S&P500.

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