The stock of Claymore Canadian Fundamental Index ETF (TSE:CRQ) gapped up by $0.11 today and has $23.16 target or 54.00% above today’s $15.04 share price. The 6 months technical chart setup indicates low risk for the $195.62 million company. The gap was reported on Nov, 21 by Barchart.com. If the $23.16 price target is reached, the company will be worth $105.63M 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 74,408 shares traded hands or 504.06% up from the average. Claymore Canadian Fundamental Index ETF (TSE:CRQ) has risen 15.24% since April 15, 2016 and is uptrending. It has outperformed by 11.38% the S&P500.
More notable recent Claymore Canadian Fundamental Index ETF (TSE:CRQ) news were published by: Theglobeandmail.com which released: “Is it worth making the shift to fundamental indexes?” on April 22, 2013, also Business.Financialpost.com with their article: “Fundamental ETFs worth a look” published on February 16, 2011, Theglobeandmail.com published: “Trick question: What performs better than an index fund?” on June 12, 2014. More interesting news about Claymore Canadian Fundamental Index ETF (TSE:CRQ) were released by: Business.Financialpost.com and their article: “BlackRock dominates in Canadian ETFs” published on January 16, 2012 as well as Business.Financialpost.com‘s news article titled: “What’s in your ETF?” with publication date: November 11, 2011.
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