What’s in iSHARES CORE CDN LONG TERM BOND IDX ETF After Today’s Gap Down?

 What's in iSHARES CORE CDN LONG TERM BOND IDX ETF After Today's Gap Down?

The stock of iSHARES CORE CDN LONG TERM BOND IDX ETF (TSE:XLB) gapped down by $0.21 today and has $22.74 target or 3.00% below today’s $23.44 share price. The 9 months technical chart setup indicates high risk for the $320.62M company. The gap down was reported on Dec, 1 by Barchart.com. If the $22.74 price target is reached, the company will be worth $9.62M 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 25,829 shares traded hands or 53.33% up from the average. iSHARES CORE CDN LONG TERM BOND IDX ETF (TSE:XLB) has declined 1.57% since April 27, 2016 and is downtrending. It has underperformed by 7.50% the S&P500.

More notable recent iSHARES CORE CDN LONG TERM BOND IDX ETF (TSE:XLB) news were published by: Marketwired.com which released: “BlackRock(R) Canada Announces October Cash Distributions for the iShares(R) ETFs” on October 13, 2016, also Marketwired.com with their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” published on August 15, 2016, Marketwired.com published: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” on September 07, 2016. More interesting news about iSHARES CORE CDN LONG TERM BOND IDX ETF (TSE:XLB) were released by: Marketwired.com and their article: “BlackRock® Canada Announces April Cash Distributions for the iShares® ETFs” published on April 13, 2016 as well as Marketwired.com‘s news article titled: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” with publication date: June 08, 2016.

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.

Related posts

Leave a Comment