The stock of ISCS&P500 CDI 1:1 (ASX:IVV) gapped up by $1.4 today and has $708.50 target or 138.00% above today’s $297.69 share price. The 6 months technical chart setup indicates low risk for the $ company. The gap was reported on Nov, 18 by Barchart.com. If the $708.50 price target is reached, the company will be worth $ 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%. The stock increased 1.59% or $4.65 on November 18, hitting $297.69. About 11,185 shares traded hands. ISCS&P500 CDI 1:1 (ASX:IVV) has risen 8.81% since April 12, 2016 and is uptrending. It has outperformed by 4.38% the S&P500.
More notable recent ISCS&P500 CDI 1:1 (ASX:IVV) news were published by: Fool.com.Au which released: “Why females make for superior investors” on October 30, 2016, also Fool.com.Au with their article: “Just 3 investments to make in a lifetime” published on October 25, 2015, Fool.com.Au published: “Stuck on 1.75% interest? Take a look at these ASX shares” on May 18, 2016. More interesting news about ISCS&P500 CDI 1:1 (ASX:IVV) were released by: Fool.com.Au and their article: “Does my SMSF NEED dividends?” published on May 20, 2016 as well as Fool.com.Au‘s news article titled: “What ASX shares should I buy?” with publication date: March 26, 2016.
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