Will iSHARES CORE MSCI EAFE IMI INDEX ETF Short Squeeze Soon? The Stock Just Gapped Up

 Will iSHARES CORE MSCI EAFE IMI INDEX ETF Short Squeeze Soon? The Stock Just Gapped Up

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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