The stock of ISHARES GLOBAL MONTHLY DIVIDEND IDX ETF (TSE:CYH) gapped up by $0.02 today and has $18.77 target or 4.00% above today’s $18.05 share price. The 5 months technical chart setup indicates low risk for the $132.98M company. The gap was reported on Nov, 25 by Barchart.com. If the $18.77 price target is reached, the company will be worth $5.32 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 17,242 shares traded hands or 82.42% up from the average. ISHARES GLOBAL MONTHLY DIVIDEND IDX ETF (TSE:CYH) has risen 4.17% since April 21, 2016 and is uptrending. It has underperformed by 1.24% the S&P500.
More notable recent ISHARES GLOBAL MONTHLY DIVIDEND IDX ETF (TSE:CYH) news were published by: Marketwired.com which released: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” on August 15, 2016, also Marketwired.com with their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016, Marketwired.com published: “BlackRock(R) Canada Announces July Cash Distributions for the iShares(R) ETFs” on April 20, 2016. More interesting news about ISHARES GLOBAL MONTHLY DIVIDEND IDX ETF (TSE:CYH) were released by: Marketwired.com and their article: “BlackRock® Canada Announces April Cash Distributions for the iShares® ETFs” published on April 13, 2016 as well as Marketwired.com‘s news article titled: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” with publication date: June 08, 2016.
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