The stock of iSHARES US SMALL CAP INDEX ETF (TSE:XSU) gapped up by $0.22 today and has $63.61 target or 128.00% above today’s $27.90 share price. The 6 months technical chart setup indicates low risk for the $220.88M company. The gap was reported on Nov, 14 by Barchart.com. If the $63.61 price target is reached, the company will be worth $282.73 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 111,843 shares traded hands or 154.90% up from the average. iSHARES US SMALL CAP INDEX ETF (TSE:XSU) has risen 17.09% since April 8, 2016 and is uptrending. It has outperformed by 12.11% the S&P500.
More important recent iSHARES US SMALL CAP INDEX ETF (TSE:XSU) news were published by: Fool.com which released: “4 Top Small-Cap ETFs: Which Is Right For You?” on November 28, 2015, also Fool.com published article titled: “Best Small-Cap ETFs”, Etftrends.com published: “Sector ETFs for the Late Business Cycle” on November 25, 2015. More interesting news about iSHARES US SMALL CAP INDEX ETF (TSE:XSU) was released by: Fool.com and their article: “iShares ETF: Top Choices for Your Portfolio” with publication date: September 26, 2016.
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