The stock of ISHARES US HIGH DIV EQUITY INDEX ETF (TSE:XHU) gapped up by $0.11 today and has $55.51 target or 155.00% above today’s $21.77 share price. The 5 months technical chart setup indicates low risk for the $15.12 million company. The gap was reported on Nov, 7 by Barchart.com. If the $55.51 price target is reached, the company will be worth $23.44 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 14,435 shares traded hands or 785.58% up from the average. ISHARES US HIGH DIV EQUITY INDEX ETF (TSE:XHU) has risen 2.32% since April 5, 2016 and is uptrending. It has outperformed by 0.36% the S&P500.
More notable recent ISHARES US HIGH DIV EQUITY INDEX ETF (TSE:XHU) news were published by: Theglobeandmail.com which released: “New ETF offers Canadians unhedged exposure to US dividend stocks” on February 17, 2015, also Business.Financialpost.com with their article: “How to find the top US dividend funds” published on August 22, 2014, Marketwired.com published: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” on August 15, 2016. More interesting news about ISHARES US HIGH DIV EQUITY INDEX ETF (TSE:XHU) were released by: Marketwired.com and their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces July Cash Distributions for the iShares(R) ETFs” with publication date: April 20, 2016.
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