The stock of iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) gapped up by $0.06 today and has $33.21 target or 27.00% above today’s $26.15 share price. The 6 months technical chart setup indicates low risk for the $664.86 million company. The gap was reported on Oct, 18 by Barchart.com. If the $33.21 price target is reached, the company will be worth $179.51M 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 12,623 shares traded hands. iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) has risen 0.35% since March 15, 2016 and is uptrending. It has underperformed by 5.14% the S&P500.
More notable recent iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) news were published by: Marketwired.com which released: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016, also Theglobeandmail.com with their article: “New ETF offers Canadians unhedged exposure to US dividend stocks” published on February 17, 2015, Marketwired.com published: “BlackRock Canada Announces Certain Changes to XEF” on August 22, 2014. More interesting news about iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) were released by: Marketwired.com and their article: “iShares Adds Low-Cost Access to Short Duration, High Quality Bonds to the Core …” published on July 21, 2014 as well as Marketwired.com‘s news article titled: “BlackRock(R) Announces Estimated Annual Reinvested Capital Gains Distributions …” with publication date: December 18, 2014.
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