The stock of DIVIDEND 15 SPLIT CORP. II (TSE:DF) gapped up by $0.02 today and has $11.67 target or 84.00% above today’s $6.34 share price. The 7 months technical chart setup indicates low risk for the $88.83 million company. The gap was reported on Nov, 7 by Barchart.com. If the $11.67 price target is reached, the company will be worth $74.62 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 15,436 shares traded hands. DIVIDEND 15 SPLIT CORP. II (TSE:DF) has declined 4.12% since April 1, 2016 and is downtrending. It has underperformed by 6.08% the S&P500.
More notable recent DIVIDEND 15 SPLIT CORP. II (TSE:DF) news were published by: Gurufocus.com which released: “Dividend â€“5 Split Corp. II: Regular Monthly Dividend Declaration for Class A …” on October 19, 2016, also Marketwired.com with their article: “Dividend 15 Split Corp. II: Announces Overnight Offering” published on April 22, 2015, Marketwired.com published: “Dividend 15 Split Corp. II: Regular Monthly Dividend Declaration for Class A …” on July 20, 2016. More interesting news about DIVIDEND 15 SPLIT CORP. II (TSE:DF) were released by: Business.Financialpost.com and their article: “Opt for dividend half of split-share companies” published on May 18, 2011 as well as Marketwired.com‘s news article titled: “Financial 15 Split Corp. II Announces Overnight Offering” with publication date: July 22, 2014.
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