iSHARES SP TSX SMALLCAP INDEX ETF’s Trend Up, Especially After Today’s Gap Up

 iSHARES SP TSX SMALLCAP INDEX ETF's Trend Up, Especially After Today's Gap Up

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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