What Next for iSHARES CORE MSCI EAFE IMI INDEX ETF After Today’s Gap Up?

 What Next for iSHARES CORE MSCI EAFE IMI INDEX ETF After Today's Gap Up?

The stock of iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) gapped up by $0.02 today and has $28.65 target or 9.00% above today’s $26.28 share price. The 5 months technical chart setup indicates low risk for the $686.43 million company. The gap was reported on Nov, 25 by Barchart.com. If the $28.65 price target is reached, the company will be worth $61.78 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 16,044 shares traded hands. iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) has risen 1.92% since April 25, 2016 and is uptrending. It has underperformed by 3.49% the S&P500.

More notable recent iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) news were published by: Marketwired.com which released: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016, also Theglobeandmail.com with their article: “New ETF offers Canadians unhedged exposure to US dividend stocks” published on February 17, 2015, Fool.com published: “iShares ETF: Top Choices for Your Portfolio” on September 26, 2016. More interesting news about iSHARES CORE MSCI EAFE IMI INDEX ETF (TSE:XEF) were released by: Marketwired.com and their article: “iShares Adds Low-Cost Access to Short Duration, High Quality Bonds to the Core …” published on July 21, 2014 as well as Marketwired.com‘s news article titled: “BlackRock Canada Announces Certain Changes to XEF” with publication date: August 22, 2014.

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