The stock of iSHARES CORE SP 500 INDEX ETF (TSE:XUS) gapped up by $0.11 today and has $44.43 target or 21.00% above today’s $36.72 share price. The 5 months technical chart setup indicates low risk for the $718.54M company. The gap was reported on Nov, 14 by Barchart.com. If the $44.43 price target is reached, the company will be worth $150.89 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 13,436 shares traded hands. iSHARES CORE SP 500 INDEX ETF (TSE:XUS) has risen 11.39% since April 12, 2016 and is uptrending. It has outperformed by 6.41% the S&P500.
More important recent iSHARES CORE SP 500 INDEX ETF (TSE:XUS) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: SPDR S&P 500 ETF, iShares Core S&P 500 ETF …” on October 28, 2016, also Nasdaq.com published article titled: “iShares Core S&P 500 ETF Experiences Big Inflow”, Nasdaq.com published: “The Zacks Analyst Blog Highlights: iShares Core S&P 500 ETF, iShares Gold ETF …” on November 08, 2016. More interesting news about iSHARES CORE SP 500 INDEX ETF (TSE:XUS) was released by: Seekingalpha.com and their article: “IVV Now The Cheapest S&P 500 ETF On The Market” with publication date: October 11, 2016.
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