Could ISHARES SP TSX CDN DIVIDEND IDX ETF Recover After Today’s Gap Up?

 Could ISHARES SP TSX CDN DIVIDEND IDX ETF Recover After Today's Gap Up?

The stock of ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) gapped up by $0.03 today and has $30.57 target or 24.00% above today’s $24.65 share price. The 7 months technical chart setup indicates low risk for the $916.11 million company. The gap was reported on Nov, 7 by Barchart.com. If the $30.57 price target is reached, the company will be worth $219.87M 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 38,064 shares traded hands or 102.98% up from the average. ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) has risen 2.36% since April 1, 2016 and is uptrending. It has outperformed by 0.40% the S&P500.

More notable recent ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also Theglobeandmail.com with their article: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” published on November 22, 2014, Marketwired.com published: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” on August 15, 2016. More interesting news about ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) were released by: Business.Financialpost.com and their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” with publication date: September 07, 2016.

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