Will ISHARES EDGE MSCI MIN VOL EAFE IDX ETF Short Squeeze Soon? The Stock Just Gapped Down

 Will ISHARES EDGE MSCI MIN VOL EAFE IDX ETF Short Squeeze Soon? The Stock Just Gapped Down

The stock of ISHARES EDGE MSCI MIN VOL EAFE IDX ETF (TSE:XMI) gapped down by $0.34 today and has $30.23 target or 4.00% below today’s $31.49 share price. The 7 months technical chart setup indicates high risk for the $226.30 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $30.23 price target is reached, the company will be worth $9.05M 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 10,692 shares traded hands. ISHARES EDGE MSCI MIN VOL EAFE IDX ETF (TSE:XMI) has declined 2.61% since April 27, 2016 and is downtrending. It has underperformed by 8.53% the S&P500.

More important recent ISHARES EDGE MSCI MIN VOL EAFE IDX ETF (TSE:XMI) news were published by: Etfdailynews.com which released: “Minimum Volatility ETFs: Five Years Later” on October 29, 2016, also Etfdailynews.com published article titled: “The Low Volatility ETF Purge Continues”, Marketwired.com published: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016. More interesting news about ISHARES EDGE MSCI MIN VOL EAFE IDX ETF (TSE:XMI) was released by: Businesswire.com and their article: “BlackRock Projects Smart Beta ETF Assets Will Reach $1 Trillion Globally by …” with publication date: May 12, 2016.

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