The stock of iSHARES CORE HI QUALITY CDN BOND ETF (TSE:XQB) gapped down by $0.07 today and has $20.07 target or 3.00% below today’s $20.69 share price. The 9 months technical chart setup indicates high risk for the $378.20 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $20.07 price target is reached, the company will be worth $11.35 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 123,410 shares traded hands or 357.60% up from the average. iSHARES CORE HI QUALITY CDN BOND ETF (TSE:XQB) has declined 0.95% since April 27, 2016 and is downtrending. It has underperformed by 6.88% the S&P500.
More notable recent iSHARES CORE HI QUALITY CDN BOND ETF (TSE:XQB) news were published by: Marketwired.com which released: “iShares Adds Low-Cost Access to Short Duration, High Quality Bonds to the Core …” on July 21, 2014, also Marketwired.com with their article: “BlackRock(R) Canada Announces October Cash Distributions for the iShares(R) ETFs” published on October 13, 2016, Business.Financialpost.com published: “A portfolio for paupers: Investing when you’re short on time and money” on August 08, 2014. More interesting news about iSHARES CORE HI QUALITY CDN BOND ETF (TSE:XQB) were released by: Marketwired.com and their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016 as well as Marketwired.com‘s news article titled: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” with publication date: August 15, 2016.
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