PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF Gap Up Today Means Lower Risks Forward

 PowerShares 1 5 Year Laddered Investment Grade Corporate Bond Index ETF Gap Up Today Means Lower Risks Forward

The stock of PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) gapped up by $0.02 today and has $28.64 target or 51.00% above today’s $18.97 share price. The 7 months technical chart setup indicates low risk for the $718.88 million company. The gap was reported on Nov, 2 by Barchart.com. If the $28.64 price target is reached, the company will be worth $366.63M 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%. The ETF increased 0.16% or $0.03 on November 2, hitting $18.97. About 12,487 shares traded hands. PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) has declined 0.53% since March 29, 2016 and is downtrending. It has underperformed by 3.05% the S&P500.

More notable recent PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) news were published by: Zacks.com which released: “PowerShares Adds Laddered Bond ETF to Suite” on September 15, 2014, also Nasdaq.com with their article: “PowerShares Adds Laddered Bond ETF to Suite – ETF News And Commentary” published on September 15, 2014, Business.Financialpost.com published: “ETFs more complex than you think” on November 30, 2011. More interesting news about PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) were released by: Investmentnews.com and their article: “Bond ETFs’ resiliency surprises many investors” published on April 19, 2015 as well as Theglobeandmail.com‘s news article titled: “Beware the risk in bond funds” with publication date: July 10, 2013.

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