The stock of TD CDN AGGREGATE BOND INDEX ETF (TSE:TDB) gapped up by $0.04 today and has $22.50 target or 48.00% above today’s $15.20 share price. The 7 months technical chart setup indicates low risk for the $20.47M company. The gap was reported on Nov, 2 by Barchart.com. If the $22.50 price target is reached, the company will be worth $9.83 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 23,484 shares traded hands or 664.70% up from the average. TD CDN AGGREGATE BOND INDEX ETF (TSE:TDB) has risen 6.00% since October 3, 2016 and is uptrending. It has outperformed by 3.48% the S&P500.
More recent TD CDN AGGREGATE BOND INDEX ETF (TSE:TDB) news were published by: Theglobeandmail.com which released: “TD set to offer investors 4 new ETFs” on January 08, 2016. Also Theglobeandmail.com published the news titled: “Eye on Shorts: What bearish investors are betting against” on September 06, 2016. Theglobeandmail.com‘s news article titled: “Ultimate investor guide for Generation Y: Part 2” with publication date: August 22, 2014 was also an interesting one.
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