What’s Propelling Claymore Canadian Fundamental Index ETF to Decline So Much? The Stock Gaps Down Today

 What's Propelling Claymore Canadian Fundamental Index ETF to Decline So Much? The Stock Gaps Down Today

The stock of Claymore Canadian Fundamental Index ETF (TSE:CRQ) gapped down by $0.04 today and has $12.67 target or 12.00% below today’s $14.40 share price. The 7 months technical chart setup indicates high risk for the $182.38 million company. The gap down was reported on Nov, 11 by Barchart.com. If the $12.67 price target is reached, the company will be worth $21.89 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 19,956 shares traded hands or 69.97% up from the average. Claymore Canadian Fundamental Index ETF (TSE:CRQ) has risen 18.14% since April 7, 2016 and is uptrending. It has outperformed by 11.99% the S&P500.

More notable recent Claymore Canadian Fundamental Index ETF (TSE:CRQ) news were published by: Theglobeandmail.com which released: “Is it worth making the shift to fundamental indexes?” on April 22, 2013, also Business.Financialpost.com with their article: “Fundamental ETFs worth a look” published on February 16, 2011, Theglobeandmail.com published: “Trick question: What performs better than an index fund?” on June 12, 2014. More interesting news about Claymore Canadian Fundamental Index ETF (TSE:CRQ) were released by: Business.Financialpost.com and their article: “BlackRock dominates in Canadian ETFs” published on January 16, 2012 as well as Business.Financialpost.com‘s news article titled: “What’s in your ETF?” with publication date: November 11, 2011.

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