The stock of CONCEPT FUND SOLUTIONS PLC DBXT WORLD HEALTH CARE (LON:XDWH) gapped down by GBX 0.03 today and has GBX 24.59 target or 11.00% below today’s GBX 27.63 share price. The 6 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Aug, 5 by Barchart.com. If the GBX 24.59 price target is reached, the company will be worth GBX 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%. The stock decreased 0.11% or GBX 0.03 on August 4, hitting GBX 27.63. About 37,776 shares traded hands or 1283.74% up from the average. CONCEPT FUND SOLUTIONS PLC DBXT WORLD HEALTH CARE (LON:XDWH) has risen 6.00% since July 6, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.
[Source:- COnsumer Eagle]
