The stock of iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) gapped up by $0.03 today and has $35.41 target or 72.00% above today’s $20.59 share price. The 7 months technical chart setup indicates low risk for the $412.08M company. The gap was reported on Oct, 18 by Barchart.com. If the $35.41 price target is reached, the company will be worth $296.70 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 15,346 shares traded hands. iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) has risen 8.97% since March 11, 2016 and is uptrending. It has outperformed by 3.49% the S&P500.
More notable recent iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) news were published by: Theglobeandmail.com which released: “Three top ETF picks from JC Hood’s John Hood” on September 25, 2015, also Theglobeandmail.com with their article: “The Globe and Mail” published on November 26, 2009, Theglobeandmail.com published: “Three top ETF picks from JC Hood Investment’s John Hood” on October 31, 2014. More interesting news about iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) were released by: Business.Financialpost.com and their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015 as well as Theglobeandmail.com‘s news article titled: “Nine top ETF picks: ‘The US recovery is real'” with publication date: August 24, 2014.
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