The stock of iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) gapped up by $0.06 today and has $41.22 target or 98.00% above today’s $20.82 share price. The 9 months technical chart setup indicates low risk for the $422.71M company. The gap was reported on Nov, 21 by Barchart.com. If the $41.22 price target is reached, the company will be worth $414.26M 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 16,118 shares traded hands. iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) has risen 9.33% since April 15, 2016 and is uptrending. It has outperformed by 5.47% the S&P500.
More notable recent iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) news were published by: Theglobeandmail.com which released: “Three top ETF picks from JC Hood’s John Hood” on September 25, 2015, also Business.Financialpost.com with their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015, Theglobeandmail.com published: “Three top ETF picks from JC Hood Investment’s John Hood” on October 31, 2014. More interesting news about iSHARES CORE SP TSX COMP HI DIV IDX ETF (TSE:XEI) were released by: Theglobeandmail.com and their article: “Nine top ETF picks: ‘The US recovery is real'” published on August 25, 2014 as well as Theglobeandmail.com‘s news article titled: “The Globe and Mail” with publication date: November 26, 2009.
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