The stock of iSHARES CORE MSCI EMERGING MKTS IMI ETF (TSE:XEC) gapped down by $0.14 today and has $20.49 target or 8.00% below today’s $22.27 share price. The 7 months technical chart setup indicates high risk for the $198.97 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $20.49 price target is reached, the company will be worth $15.92 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 12,728 shares traded hands. iSHARES CORE MSCI EMERGING MKTS IMI ETF (TSE:XEC) has risen 10.51% since April 29, 2016 and is uptrending. It has outperformed by 4.58% the S&P500.
More notable recent iSHARES CORE MSCI EMERGING MKTS IMI ETF (TSE:XEC) news were published by: Marketwired.com which released: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016, also Etftrends.com with their article: “Emerging Market ETF Investments Were a Big Theme in August” published on September 01, 2016, Business.Financialpost.com published: “Jonathan Chevreau: What to consider when buying emerging-market funds” on October 14, 2015. More interesting news about iSHARES CORE MSCI EMERGING MKTS IMI ETF (TSE:XEC) were released by: Fool.com and their article: “iShares ETF: Top Choices for Your Portfolio” published on September 26, 2016 as well as Fool.ca‘s news article titled: “Why Emerging Markets Will Grow Regardless of Trump” with publication date: November 14, 2016.
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