Could Claymore S&P US Dividend Growers ETF See a Reversal After Having a Gap Up Today?

 Could Claymore S&P US Dividend Growers ETF See a Reversal After Having a Gap Up Today?

The stock of Claymore S&P US Dividend Growers ETF (TSE:CUD) gapped up by $0.06 today and has $43.23 target or 21.00% above today’s $35.73 share price. The 7 months technical chart setup indicates low risk for the $629.59M company. The gap was reported on Nov, 14 by Barchart.com. If the $43.23 price target is reached, the company will be worth $132.21 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 105,279 shares traded hands or 1009.48% up from the average. Claymore S&P US Dividend Growers ETF (TSE:CUD) has risen 4.68% since April 8, 2016 and is uptrending. It has underperformed by 0.30% the S&P500.

More notable recent Claymore S&P US Dividend Growers ETF (TSE:CUD) news were published by: Theglobeandmail.com which released: “Look before you leap into US dividend stocks” on November 15, 2011, also Business.Financialpost.com with their article: “iTRADE confirms “commission-free” trades on most Claymore & some iShares …” published on September 15, 2011, Theglobeandmail.com published: “Dividend growth: The case for individual stocks” on July 01, 2011. More interesting news about Claymore S&P US Dividend Growers ETF (TSE:CUD) were released by: Theglobeandmail.com and their article: “Seek shelter for your US dividend stocks” published on August 25, 2009 as well as Business.Financialpost.com‘s news article titled: “Dividend ETFs a better choice than cash, bonds” with publication date: July 20, 2011.

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