TD SP 500 INDEX ETF Has Another Very Weak Trading Session Recording a Gap Down

 TD SP 500 INDEX ETF Has Another Very Weak Trading Session Recording a Gap Down

The stock of TD SP 500 INDEX ETF (TSE:TPU) gapped down by $0.01 today and has $13.55 target or 14.00% below today’s $15.75 share price. The 6 months technical chart setup indicates high risk for the $6.32 million company. The gap down was reported on Nov, 3 by Barchart.com. If the $13.55 price target is reached, the company will be worth $884,800 less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 16,000 shares traded hands or 1600.32% up from the average. TD SP 500 INDEX ETF (TSE:TPU) has risen 4.92% since March 30, 2016 and is uptrending. It has outperformed by 3.70% the S&P500.

More notable recent TD SP 500 INDEX ETF (TSE:TPU) news were published by: Theglobeandmail.com which released: “TD set to offer investors 4 new ETFs” on January 08, 2016, also Seekingalpha.com with their article: “IVV Now The Cheapest S&P 500 ETF On The Market” published on October 11, 2016, Benzinga.com published: “Millennials Love ETFs And These Are The ETFs They Love” on November 25, 2015. More interesting news about TD SP 500 INDEX ETF (TSE:TPU) were released by: Seekingalpha.com and their article: “Your S&P 500 Index Fund Should Be A Mutual Fund, Not An ETF” published on March 22, 2016 as well as Marketwatch.com‘s news article titled: “The ultimate buy-and-hold portfolio” with publication date: February 18, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment