The stock of iSHARES CORE SP 500 INDEX ETF (TSE:XUS) hit a new 52-week high and has $39.39 target or 6.00% above today’s $37.16 share price. The 9 months bullish chart indicates low risk for the $739.88M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $39.39 price target is reached, the company will be worth $44.39M 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 3,357 shares traded hands. iSHARES CORE SP 500 INDEX ETF (TSE:XUS) has risen 11.58% since April 21, 2016 and is uptrending. It has outperformed by 6.26% the S&P500.
More recent iSHARES CORE SP 500 INDEX ETF (TSE:XUS) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: iShares Core S&P 500 ETF, iShares Gold ETF …” on November 08, 2016. Also Nasdaq.com published the news titled: “The Zacks Analyst Blog Highlights: SPDR S&P 500 ETF, iShares Core S&P 500 ETF …” on October 28, 2016. Nasdaq.com‘s news article titled: “iShares Core S&P 500 ETF Experiences Big Inflow” with publication date: August 08, 2016 was also an interesting one.
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