iSHARES US HIGH YIELD BOND INDEX ETF Can’t Be More Safe. Trades Significantly Higher After A Gap Up

 iSHARES US HIGH YIELD BOND INDEX ETF Can't Be More Safe. Trades Significantly Higher After A Gap Up

The stock of iSHARES US HIGH YIELD BOND INDEX ETF (TSE:XHY) gapped up by $0.09 today and has $29.82 target or 51.00% above today’s $19.75 share price. The 9 months technical chart setup indicates low risk for the $575.45 million company. The gap was reported on Nov, 7 by Barchart.com. If the $29.82 price target is reached, the company will be worth $293.48M 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 51,142 shares traded hands or 87.38% up from the average. iSHARES US HIGH YIELD BOND INDEX ETF (TSE:XHY) has risen 5.00% since April 1, 2016 and is uptrending. It has outperformed by 3.04% the S&P500.

More notable recent iSHARES US HIGH YIELD BOND INDEX ETF (TSE:XHY) news were published by: Marketwired.com which released: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” on August 15, 2016, 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 April Cash Distributions for the iShares® ETFs” on April 13, 2016. More interesting news about iSHARES US HIGH YIELD BOND INDEX ETF (TSE:XHY) were released by: Marketwired.com and their article: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” published on June 08, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Canada Announces May Cash Distributions for the iShares(R) ETFs” with publication date: May 12, 2016.

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