Will iSHARES CORE MSCI EMERGING MKTS IMI ETF Short Squeeze Soon? The Stock Just Gapped Down

 Will iSHARES CORE MSCI EMERGING MKTS IMI ETF Short Squeeze Soon? The Stock Just Gapped Down

The stock of iSHARES CORE MSCI EMERGING MKTS IMI ETF (TSE:XEC) gapped down by $0.14 today and has $20.38 target or 8.00% below today’s $22.15 share price. The 9 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 $20.38 price target is reached, the company will be worth $15.92M 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 17,199 shares traded hands or 3.71% up from the average. 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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