The stock of DIVIDEND 15 SPLIT CORP. II (TSE:DF) gapped up by $0.06 today and has $7.68 target or 5.00% above today’s $7.31 share price. The 7 months technical chart setup indicates low risk for the $102.55 million company. The gap was reported on Nov, 30 by Barchart.com. If the $7.68 price target is reached, the company will be worth $5.13 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 48,879 shares traded hands. DIVIDEND 15 SPLIT CORP. II (TSE:DF) has risen 7.57% since April 26, 2016 and is uptrending. It has outperformed by 2.34% the S&P500.
More recent DIVIDEND 15 SPLIT CORP. II (TSE:DF) news were published by: Marketwired.com which released: “Dividend 15 Split Corp. II: Announces Overnight Offering” on April 22, 2015. Also Business.Financialpost.com published the news titled: “Opt for dividend half of split-share companies” on May 18, 2011. Marketwired.com‘s news article titled: “Financial 15 Split Corp. II Announces Overnight Offering” with publication date: July 22, 2014 was also an interesting one.
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