Could iSHARES US SMALL CAP INDEX ETF Change Direction After Reaching All-Time High?

 Could iSHARES US SMALL CAP INDEX ETF Change Direction After Reaching All Time High?

The stock of iSHARES US SMALL CAP INDEX ETF (TSE:XSU) reached all time high today, Nov, 24 and still has $30.11 target or 4.00% above today’s $28.95 share price. This indicates more upside for the $231.12 million company. This technical setup was reported by Barchart.com. If the $30.11 PT is reached, the company will be worth $9.24 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 40,944 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 recent iSHARES US SMALL CAP INDEX ETF (TSE:XSU) news were published by: Fool.com which released: “Best Small-Cap ETFs” on July 02, 2016. Also Fool.com published the news titled: “iShares ETF: Top Choices for Your Portfolio” on September 26, 2016. Marketwatch.com‘s news article titled: “Stock market investors turn to small-caps after Trump win” with publication date: November 15, 2016 was also an interesting one.

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