The stock of ISHARES II PLC ISHARES USD TIPS UCITS ETF USD (ACC) (LON:IDTP) gapped down by GBX 0.109 today and has GBX 180.60 target or 9.00% below today’s GBX 198.46 share price. The 8 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 29 by Barchart.com. If the GBX 180.60 price target is reached, the company will be worth GBX 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%. The ETF decreased 0.59% or GBX 1.18 on November 29, hitting GBX 198.46. About 24,394 shares traded hands. ISHARES II PLC ISHARES USD TIPS UCITS ETF USD (ACC) (LON:IDTP) has risen 1.00% since April 21, 2016 and is uptrending. It has underperformed by 4.26% the S&P500.
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