The stock of iSHARES US SMALL CAP INDEX ETF (TSE:XSU) hit a new 52-week high and has $53.11 target or 87.00% above today’s $28.40 share price. The 5 months bullish chart indicates low risk for the $220.82M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $53.11 price target is reached, the company will be worth $192.11M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,862 shares traded hands. iSHARES US SMALL CAP INDEX ETF (TSE:XSU) has risen 16.41% since April 15, 2016 and is uptrending. It has outperformed by 12.55% the S&P500.
More important recent iSHARES US SMALL CAP INDEX ETF (TSE:XSU) news were published by: Fool.com which released: “4 Top Small-Cap ETFs: Which Is Right For You?” on November 28, 2015, also Fool.com published article titled: “Best Small-Cap ETFs”, Etftrends.com published: “Sector ETFs for the Late Business Cycle” on November 25, 2015. More interesting news about iSHARES US SMALL CAP INDEX ETF (TSE:XSU) was released by: Marketwatch.com and their article: “Stock market investors turn to small-caps after Trump win” with publication date: November 15, 2016.
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