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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.