What’s Propelling iSHARES CORE SP 500 INDEX ETF to Reach 52-Week High?

 What's Propelling iSHARES CORE SP 500 INDEX ETF to Reach 52 Week High?

The stock of iSHARES CORE SP 500 INDEX ETF (TSE:XUS) hit a new 52-week high and has $53.78 target or 48.00% above today’s $36.34 share price. The 6 months bullish chart indicates low risk for the $695.37 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $53.78 price target is reached, the company will be worth $333.78 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 100,564 shares traded hands or 244.00% up from the average. iSHARES CORE SP 500 INDEX ETF (TSE:XUS) has risen 6.16% since April 7, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.

More notable recent iSHARES CORE SP 500 INDEX ETF (TSE:XUS) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: iShares Core S&P 500 ETF, iShares Gold ETF …” on November 08, 2016, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: SPDR S&P 500 ETF, iShares Core S&P 500 ETF …” published on October 28, 2016, Nasdaq.com published: “iShares Core S&P 500 ETF Experiences Big Inflow” on August 08, 2016. More interesting news about iSHARES CORE SP 500 INDEX ETF (TSE:XUS) were released by: Seekingalpha.com and their article: “IVV Now The Cheapest S&P 500 ETF On The Market” published on October 11, 2016 as well as Seekingalpha.com‘s news article titled: “A Tale Of 2 Very Different Markets” with publication date: October 31, 2016.

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