Does ISHARES 1-5 YR LADDER GOVT BOND ETF Have Any Gas After Today’s Gap Down?

 Does ISHARES 1 5 YR LADDER GOVT BOND ETF Have Any Gas After Today's Gap Down?

The stock of ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) gapped down by $0.02 today and has $17.10 target or 8.00% below today’s $18.59 share price. The 7 months technical chart setup indicates high risk for the $1.01B company. The gap down was reported on Dec, 1 by Barchart.com. If the $17.10 price target is reached, the company will be worth $80.80 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 51,067 shares traded hands or 17.27% up from the average. ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) has declined 1.69% since April 27, 2016 and is downtrending. It has underperformed by 7.61% the S&P500.

More notable recent ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) news were published by: Fool.ca which released: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” on May 12, 2015, also Marketwired.com with their article: “BlackRock(R) Canada Announces October Cash Distributions for the iShares(R) ETFs” published on October 13, 2016, Theglobeandmail.com published: “Corporate bond ETFs: More than meets the eye” on October 04, 2014. More interesting news about ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) were released by: Marketwired.com and their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” published on August 15, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” with publication date: September 07, 2016.

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