The stock of iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) gapped up by $0.1 today and has $27.14 target or 34.00% above today’s $20.25 share price. The 5 months technical chart setup indicates low risk for the $410.41 million company. The gap was reported on Nov, 7 by Barchart.com. If the $27.14 price target is reached, the company will be worth $139.54M 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 29,581 shares traded hands or 46.77% up from the average. iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) has risen 7.06% since April 1, 2016 and is uptrending. It has outperformed by 5.10% the S&P500.
More notable recent iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) news were published by: Theglobeandmail.com which released: “Three top ETF picks from JC Hood’s John Hood” on September 25, 2015, also Theglobeandmail.com with their article: “Three top ETF picks from JC Hood Investment’s John Hood” published on October 31, 2014, Theglobeandmail.com published: “The Globe and Mail” on November 26, 2009. More interesting news about iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) 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 Theglobeandmail.com‘s news article titled: “Nine top ETF picks: ‘The US recovery is real'” with publication date: August 24, 2014.
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