The stock of PURPOSE INTL DIVIDEND FUND (TSE:PID) gapped down by $0.07 today and has $16.08 target or 14.00% below today’s $18.70 share price. The 5 months technical chart setup indicates high risk for the $47.30 million company. The gap down was reported on Oct, 17 by Barchart.com. If the $16.08 price target is reached, the company will be worth $6.62 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 10,483 shares traded hands or 224.05% up from the average. PURPOSE INTL DIVIDEND FUND (TSE:PID) has risen 0.69% since March 10, 2016 and is uptrending. It has underperformed by 4.92% the S&P500.
More notable recent PURPOSE INTL DIVIDEND FUND (TSE:PID) news were published by: Time.com which released: “Where to Find Dividend Payers Now” on October 12, 2016, also Etftrends.com with their article: “International Dividend ETFs Remain Solid Ideas” published on October 06, 2016, Benzinga.com published: “Don’t Overlook These Small Caps” on October 13, 2016. More interesting news about PURPOSE INTL DIVIDEND FUND (TSE:PID) were released by: Fool.com and their article: “2 Special Dividend Stocks For 2017” published on October 17, 2016 as well as Businesswire.com‘s news article titled: “State Street Global Advisors Announces Dividend Distributions Resulting From …” with publication date: September 19, 2016.
PID Company Profile
PowerShares International Dividend Achievers Portfolio (the Fund) seeks to replicate, before fees and expenses, the International Dividend Achievers Index (the Index). The Fund invests in sectors, including financials, utilities, consumer staples, commercial banks, insurance, utilities and information technology. PowerShares Capital Management LLC is the adviser of the Fund.
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