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.