Is Buying Stock Like Dividend Growth Split Corp. After Such Gap Up a Winning Strategy?

 Is Buying Stock Like Dividend Growth Split Corp. After Such Gap Up a Winning Strategy?

The stock of Dividend Growth Split Corp. (TSE:DGS) gapped up by $0.04 today and has $11.53 target or 65.00% above today’s $6.99 share price. The 6 months technical chart setup indicates low risk for the $163.58 million company. The gap was reported on Nov, 14 by Barchart.com. If the $11.53 price target is reached, the company will be worth $106.33M 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 44,780 shares traded hands. Dividend Growth Split Corp. (TSE:DGS) has risen 7.49% since April 8, 2016 and is uptrending. It has outperformed by 2.51% the S&P500.

More notable recent Dividend Growth Split Corp. (TSE:DGS) news were published by: Marketwired.com which released: “Dividend Growth Split Corp. Announces Treasury Offering” on April 26, 2016, also Marketwired.com with their article: “Dividend Growth Split Corp. Declares Distribution and Announces Initiation of DRIP” published on September 21, 2016, Marketwired.com published: “Dividend Growth Split Corp. Announces Pricing & Sizing of Treasury Offering” on September 09, 2016. More interesting news about Dividend Growth Split Corp. (TSE:DGS) were released by: Theglobeandmail.com and their article: “Torn between high yield, capital loss at Dividend Growth Split” published on August 28, 2015 as well as Stockhouse.com‘s news article titled: “IIROC Trade Halt – Dividend Growth Split Corp.” with publication date: January 07, 2016.

Dividend Growth Split Corp. is a mutual fund company. The company has a market cap of $163.58 million. The objective of the Fund is to provide holders of Preferred shares with fixed, cumulative, preferential, quarterly cash distributions and to return the original issue price of approximately $10.00 per Preferred share to shareholders at maturity, and to provide holders of Class A shares with regular monthly cash distributions, targeted to be approximately $0.10 per share, and the opportunity for growth in Net Asset Value per share. It currently has negative earnings. The Fund invests in an equal-weighted portfolio consisted of Canadian equities.

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