The stock of TD SP 500 CAD HEDGE INDEX ETF (TSE:THU) gapped up by $0.09 today and has $44.22 target or 186.00% above today’s $15.46 share price. The 5 months technical chart setup indicates low risk for the $3.07 million company. The gap was reported on Nov, 7 by Barchart.com. If the $44.22 price target is reached, the company will be worth $5.71 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 23,531 shares traded hands or 13580.81% up from the average. TD SP 500 CAD HEDGE INDEX ETF (TSE:THU) has risen 1.46% since April 1, 2016 and is uptrending. It has underperformed by 0.50% the S&P500.
More notable recent TD SP 500 CAD HEDGE INDEX ETF (TSE:THU) news were published by: Theglobeandmail.com which released: “TD set to offer investors 4 new ETFs” on January 08, 2016, also Theglobeandmail.com with their article: “How RBC funds compare against index funds, ETFs” published on January 29, 2014, Theglobeandmail.com published: “Why Canadians should invest south of the border” on August 06, 2013. More interesting news about TD SP 500 CAD HEDGE INDEX ETF (TSE:THU) were released by: Theglobeandmail.com and their article: “Eye on Shorts: What bearish investors are betting against” published on September 06, 2016 as well as Theglobeandmail.com‘s news article titled: “Trick question: What performs better than an index fund?” with publication date: June 12, 2014.
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