ISHARES JAPAN FUND IDX ETF CAD HEDGED Gaps Up; Strong Momentum for Buyers

 ISHARES JAPAN FUND IDX ETF CAD HEDGED Gaps Up; Strong Momentum for Buyers

The stock of ISHARES JAPAN FUND IDX ETF CAD HEDGED (TSE:CJP) gapped up by $0.13 today and has $33.85 target or 162.00% above today’s $12.92 share price. The 7 months technical chart setup indicates low risk for the $93.71M company. The gap was reported on Nov, 14 by Barchart.com. If the $33.85 price target is reached, the company will be worth $151.81 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 12,876 shares traded hands or 31.43% up from the average. ISHARES JAPAN FUND IDX ETF CAD HEDGED (TSE:CJP) has risen 12.33% since April 8, 2016 and is uptrending. It has outperformed by 7.35% the S&P500.

More notable recent ISHARES JAPAN FUND IDX ETF CAD HEDGED (TSE:CJP) news were published by: Businesswire.com which released: “BlackRock Canada Intends to Switch the Listing Venue of Certain iShares Funds …” on September 13, 2016, also Marketwired.com with their article: “BlackRock(R) Announces Final Annual Reinvested Capital Gains Distributions for …” published on December 24, 2014, Etfdailynews.com published: “Decoding International Equity ETF Returns [iShares MSCI EAFE Index Fund CAD …” on December 05, 2014. More interesting news about ISHARES JAPAN FUND IDX ETF CAD HEDGED (TSE:CJP) were released by: Marketwired.com and their article: “BlackRock(R) Announces Estimated Annual Reinvested Capital Gains Distributions …” published on December 18, 2014 as well as Theglobeandmail.com‘s news article titled: “ETF basks in Japan’s shining first quarter” with publication date: April 11, 2013.

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