Claymore Canadian Financial Monthly Income ETF Can’t Burn Your Portfolio. Has Another Gap Up

 Claymore Canadian Financial Monthly Income ETF Can't Burn Your Portfolio. Has Another Gap Up

The stock of Claymore Canadian Financial Monthly Income ETF (TSE:FIE) gapped up by $0.02 today and has $10.75 target or 59.00% above today’s $6.76 share price. The 7 months technical chart setup indicates low risk for the $361.64M company. The gap was reported on Nov, 7 by Barchart.com. If the $10.75 price target is reached, the company will be worth $213.37 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 98,280 shares traded hands or 10.37% up from the average. Claymore Canadian Financial Monthly Income ETF (TSE:FIE) has risen 2.46% since April 1, 2016 and is uptrending. It has outperformed by 0.51% the S&P500.

More notable recent Claymore Canadian Financial Monthly Income ETF (TSE:FIE) news were published by: Theglobeandmail.com which released: “Stop-loss orders turn into double-edged sword” on May 07, 2010, also Business.Financialpost.com with their article: “Gordon Pape: “no fan” of indexing or couch potato portfolios” published on January 04, 2012, Theglobeandmail.com published: “Top ETF picks for your RRSP” on February 16, 2011. More interesting news about Claymore Canadian Financial Monthly Income ETF (TSE:FIE) were released by: Theglobeandmail.com and their article: “How to find funds that deliver steady income” published on March 24, 2010 as well as Theglobeandmail.com‘s news article titled: “ETFs pay dividends without single-stock risk” with publication date: October 14, 2009.

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