The stock of iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) gapped up by $0.02 today and has $20.64 target or 32.00% above today’s $15.64 share price. The 7 months technical chart setup indicates low risk for the $127.51 million company. The gap was reported on Nov, 7 by Barchart.com. If the $20.64 price target is reached, the company will be worth $40.80M 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 70,518 shares traded hands or 396.68% up from the average. iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) has risen 16.83% since April 1, 2016 and is uptrending. It has outperformed by 14.87% the S&P500.
More notable recent iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) news were published by: Theglobeandmail.com which released: “Five ETFs to capture the ‘small-cap effect'” on December 19, 2014, also Marketwired.com with their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016, Marketwired.com published: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016. More interesting news about iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on November 26, 2009 as well as Marketwired.com‘s news article titled: “BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs” with publication date: March 09, 2016.
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