After Today’s Gap Up, Is iSHARES US SMALL CAP INDEX ETF’s Near-Term Analysis Positive

 After Today's Gap Up, Is iSHARES US SMALL CAP INDEX ETF's Near Term Analysis Positive

The stock of iSHARES US SMALL CAP INDEX ETF (TSE:XSU) gapped up by $0.04 today and has $30.12 target or 4.00% above today’s $28.96 share price. The 6 months technical chart setup indicates low risk for the $231.12M company. The gap was reported on Nov, 24 by If the $30.12 price target is reached, the company will be worth $9.24M 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 42,629 shares traded hands. iSHARES US SMALL CAP INDEX ETF (TSE:XSU) has risen 17.77% since April 20, 2016 and is uptrending. It has outperformed by 12.36% the S&P500.

More news for iSHARES US SMALL CAP INDEX ETF (TSE:XSU) were recently published by:, which released: “iShares ETF: Top Choices for Your Portfolio” on September 26, 2016.‘s article titled: “Stock market investors turn to small-caps after Trump win” and published on November 15, 2016 is yet another important article.

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