The stock of ISHARES SP GLOBAL WATER IDX ETF (TSE:CWW) gapped up by $0.04 today and has $83.67 target or 189.00% above today’s $28.95 share price. The 7 months technical chart setup indicates low risk for the $91.71 million company. The gap was reported on Nov, 7 by Barchart.com. If the $83.67 price target is reached, the company will be worth $173.33 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 20,381 shares traded hands or 237.27% up from the average. ISHARES SP GLOBAL WATER IDX ETF (TSE:CWW) has risen 3.09% since April 1, 2016 and is uptrending. It has outperformed by 1.14% the S&P500.
More notable recent ISHARES SP GLOBAL WATER IDX ETF (TSE:CWW) news were published by: Theglobeandmail.com which released: “Investing in solutions for the water crisis” on March 20, 2015, also Theglobeandmail.com with their article: “Five specialty ETFs give investors room to play” published on February 25, 2016, Marketwired.com published: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016. More interesting news about ISHARES SP GLOBAL WATER IDX ETF (TSE:CWW) were released by: Seekingalpha.com and their article: “TAN Gave It’s Investors A Sunburn – Consider ICLN Instead” published on May 29, 2015 as well as Marketwatch.com‘s news article titled: “Infrastructure ETFs rally in 2016 as Clinton, Trump float new policies” with publication date: September 28, 2016.
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