The stock of ISHARES EDGE MSCI MIN VOL EMERG IDX ETF (TSE:XMM) gapped down by $0.18 today and has $22.30 target or 8.00% below today’s $24.24 share price. The 5 months technical chart setup indicates high risk for the $76.32 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $22.30 price target is reached, the company will be worth $6.11 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 14,481 shares traded hands or 283.50% up from the average. ISHARES EDGE MSCI MIN VOL EMERG IDX ETF (TSE:XMM) has risen 3.14% since April 27, 2016 and is uptrending. It has underperformed by 2.78% the S&P500.
More notable recent ISHARES EDGE MSCI MIN VOL EMERG IDX ETF (TSE:XMM) news were published by: Etfdailynews.com which released: “Emerging Markets Investors Have More Options Than Ever” on November 30, 2016, also Etfdailynews.com with their article: “Minimum Volatility ETFs: Five Years Later” published on October 29, 2016, Benzinga.com published: “Low Vol Emerging Markets ETF Has Perks And Drawbacks” on November 28, 2016. More interesting news about ISHARES EDGE MSCI MIN VOL EMERG IDX ETF (TSE:XMM) were released by: Marketwired.com and their article: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” published on June 08, 2016 as well as Marketwatch.com‘s news article titled: “Opinion: Why low-volatility ETFs are now a high-stakes gamble” with publication date: July 27, 2016.
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