The stock of Claymore Canadian Fundamental Index ETF (TSE:CRQ) gapped up by $0.06 today and has $16.37 target or 7.00% above today’s $15.30 share price. The 5 months technical chart setup indicates low risk for the $208.79 million company. The gap was reported on Dec, 1 by Barchart.com. If the $16.37 price target is reached, the company will be worth $14.62M 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 15,955 shares traded hands. Claymore Canadian Fundamental Index ETF (TSE:CRQ) has risen 13.99% since April 27, 2016 and is uptrending. It has outperformed by 8.06% the S&P500.
More notable recent Claymore Canadian Fundamental Index ETF (TSE:CRQ) news were published by: Theglobeandmail.com which released: “Is it worth making the shift to fundamental indexes?” on April 22, 2013, also Business.Financialpost.com with their article: “Fundamental ETFs worth a look” published on February 16, 2011, Theglobeandmail.com published: “Trick question: What performs better than an index fund?” on June 12, 2014. More interesting news about Claymore Canadian Fundamental Index ETF (TSE:CRQ) were released by: Business.Financialpost.com and their article: “BlackRock dominates in Canadian ETFs” published on January 16, 2012 as well as Theglobeandmail.com‘s news article titled: “Bond ETFs confuse you? Here’s a simple guide” with publication date: December 16, 2011.
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