The stock of iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) gapped down by $0.1 today and has $23.61 target or 9.00% below today’s $25.95 share price. The 6 months technical chart setup indicates high risk for the $690.90M company. The gap down was reported on Nov, 28 by Barchart.com. If the $23.61 price target is reached, the company will be worth $62.18 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 21,889 shares traded hands. iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) has risen 2.94% since April 26, 2016 and is uptrending. It has underperformed by 3.08% the S&P500.
More notable recent iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) news were published by: Marketwired.com which released: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016, also Theglobeandmail.com with their article: “New ETF offers Canadians unhedged exposure to US dividend stocks” published on February 17, 2015, Fool.com published: “iShares ETF: Top Choices for Your Portfolio” on September 26, 2016. More interesting news about iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) were released by: Marketwired.com and their article: “iShares Adds Low-Cost Access to Short Duration, High Quality Bonds to the Core …” published on July 21, 2014 as well as Marketwired.com‘s news article titled: “BlackRock Canada Announces Certain Changes to XEF” with publication date: August 22, 2014.
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