The stock of iShares S&P TSX Capped Mtrls Indx Fnd (TSE:XMA) gapped up by $0.11 today and has $23.95 target or 87.00% above today’s $12.81 share price. The 5 months technical chart setup indicates low risk for the $145.36M company. The gap was reported on Nov, 21 by Barchart.com. If the $23.95 price target is reached, the company will be worth $126.46M 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 16,235 shares traded hands. iShares S&P TSX Capped Mtrls Indx Fnd (TSE:XMA) has risen 9.53% since April 15, 2016 and is uptrending. It has outperformed by 5.67% the S&P500.
More notable recent iShares S&P TSX Capped Mtrls Indx Fnd (TSE:XMA) news were published by: Marketwired.com which released: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016, also Marketwired.com with their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016, Theglobeandmail.com published: “An easy way to play complex sectors” on February 11, 2011. More interesting news about iShares S&P TSX Capped Mtrls Indx Fnd (TSE:XMA) were released by: Marketwired.com and their article: “BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs” published on March 09, 2016 as well as Marketwired.com‘s news article titled: “BlackRock(R) Announces Final Annual Reinvested Capital Gains Distributions for …” with publication date: December 24, 2014.
iShares S&P/TSX Capped Materials Index Fund, formerly iShares CDN S&P/TSX Capped Materials Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Materials Index through investments in the constituent issuers of such Index. The company has a market cap of $145.36 million. The Index is a constrained market capitalization-weighted index that consists of the securities of Canadian materials sector issuers listed on the Toronto Stock Exchange (TSX), selected by S&P using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. It currently has negative earnings. In the Index, the weight of any one company, in terms of market capitalization, is limited to 25%.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.