The stock of ISHARES US HIGH DIV EQUITY INDEX ETF (TSE:XHD) gapped down by $0.01 today and has $22.70 target or 13.00% below today’s $26.09 share price. The 5 months technical chart setup indicates high risk for the $226.11 million company. The gap down was reported on Oct, 17 by Barchart.com. If the $22.70 price target is reached, the company will be worth $29.39 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 12,155 shares traded hands. ISHARES US HIGH DIV EQUITY INDEX ETF (TSE:XHD) has risen 4.06% since March 10, 2016 and is uptrending. It has underperformed by 1.55% the S&P500.
More notable recent ISHARES US HIGH DIV EQUITY INDEX ETF (TSE:XHD) news were published by: Theglobeandmail.com which released: “New ETF offers Canadians unhedged exposure to US dividend stocks” on February 17, 2015, 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 US HIGH DIV EQUITY INDEX ETF (TSE:XHD) were released by: Marketwired.com and their article: “BlackRock(R) Canada Announces July Cash Distributions for the iShares(R) ETFs” published on April 22, 2016 as well as Business.Financialpost.com‘s news article titled: “How to find the top US dividend funds” with publication date: August 22, 2014.
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