The stock of iShares S&P Listed Private Equity (ETF) (LON:IPRV) gapped down by GBX 0.25 today and has GBX 1330.18 target or 4.00% below today’s GBX 1385.60 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 1330.18 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 1.01% or GBX 14.15 on November 29, hitting GBX 1385.6. About 206,624 shares traded hands or 632.53% up from the average. iShares S&P Listed Private Equity (ETF) (LON:IPRV) has risen 19.51% since April 19, 2016 and is uptrending. It has outperformed by 14.25% the S&P500.
More news for iShares S&P Listed Private Equity (ETF) (LON:IPRV) were recently published by: Investorplace.com, which released: “Should You Invest in Private Equity ETFs?” on March 08, 2013. Seekingalpha.com‘s article titled: “Replicating Yale’s Endowment Portfolio With Accessible Instruments (2016 Update)” and published on April 19, 2016 is yet another important article.
iShares S&P Listed Private Equity is an exchange-traded fund. The ETF has a market cap of GBP. The S&P Listed Private Equity Index (the Index) comprises 30 listed private equity companies. It currently has negative earnings. The Index is designed to provide tradable exposure to the publicly listed companies in the private equity space.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.