iSHARES CORE SP 500 INDEX ETF Draws Bullish Attention After Its Gap Up Today

 iSHARES CORE SP 500 INDEX ETF Draws Bullish Attention After Its Gap Up Today

The stock of iSHARES CORE SP 500 INDEX ETF (TSE:XUS) gapped up by $0.18 today and has $56.33 target or 58.00% above today’s $35.65 share price. The 8 months technical chart setup indicates low risk for the $686.00M company. The gap was reported on Nov, 7 by Barchart.com. If the $56.33 price target is reached, the company will be worth $397.88M 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 23,301 shares traded hands. iSHARES CORE SP 500 INDEX ETF (TSE:XUS) has risen 4.14% since April 5, 2016 and is uptrending. It has outperformed by 2.18% the S&P500.

More notable recent iSHARES CORE SP 500 INDEX ETF (TSE:XUS) news were published by: Nasdaq.com which released: “iShares Core S&P 500 ETF Experiences Big Inflow” on October 05, 2016, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: SPDR S&P 500 ETF, iShares Core S&P 500 ETF …” published on October 28, 2016, Seekingalpha.com published: “IVV Now The Cheapest S&P 500 ETF On The Market” on October 11, 2016. More interesting news about iSHARES CORE SP 500 INDEX ETF (TSE:XUS) were released by: Seekingalpha.com and their article: “A Tale Of 2 Very Different Markets” published on October 31, 2016 as well as Nasdaq.com‘s news article titled: “Tired of Caution? Here is A Bullish Case of S&P 500 ETF Investing” with publication date: October 27, 2016.

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