The stock of ISHARES CORE SP US TOTAL MARKET ETF (TSE:XUU) gapped up by $0.13 today and has $24.02 target or 4.00% above today’s $23.10 share price. The 9 months technical chart setup indicates low risk for the $71.42M company. The gap was reported on Nov, 23 by Barchart.com. If the $24.02 price target is reached, the company will be worth $2.86 million 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 26,275 shares traded hands or 512.76% up from the average. ISHARES CORE SP US TOTAL MARKET ETF (TSE:XUU) has risen 13.27% since April 22, 2016 and is uptrending. It has outperformed by 7.95% the S&P500.
More notable recent ISHARES CORE SP US TOTAL MARKET ETF (TSE:XUU) news were published by: Nasdaq.com which released: “iShares Core S&P Total U.S. Stock Market ETF Experiences Big Inflow” on November 09, 2016, also Seekingalpha.com with their article: “BlackRock Throws Down The Gauntlet With An Upgraded Total U.S. Market ETF” published on November 12, 2015, Theglobeandmail.com published: “New ETF offers Canadians unhedged exposure to US dividend stocks” on February 17, 2015. More interesting news about ISHARES CORE SP US TOTAL MARKET ETF (TSE:XUU) were released by: Businesswire.com and their article: “BlackRock Announces Share Splits for iShares ETFs” published on June 27, 2016 as well as Businesswire.com‘s news article titled: “BlackRock Announces Changes to iShares Core for Buy-and-Hold Investors” with publication date: November 10, 2015.
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