Is Claymore 1-10 Yr Laddered Corporate Bond ETF’s Fuel Running High? The Stock Just Gapped Up

 Is Claymore 1 10 Yr Laddered Corporate Bond ETF's Fuel Running High? The Stock Just Gapped Up

The stock of Claymore 1-10 Yr Laddered Corporate Bond ETF (TSE:CBH) gapped up by $0.04 today and has $40.43 target or 107.00% above today’s $19.53 share price. The 9 months technical chart setup indicates low risk for the $211.58M company. The gap was reported on Nov, 17 by Barchart.com. If the $40.43 price target is reached, the company will be worth $226.39 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 12,963 shares traded hands or 19.85% up from the average. Claymore 1-10 Yr Laddered Corporate Bond ETF (TSE:CBH) has declined 0.91% since April 13, 2016 and is downtrending. It has underperformed by 5.54% the S&P500.

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