iSHARES SP TSX SMALLCAP INDEX ETF Can’t Burn Your Portfolio. Has Another Gap Up

 iSHARES SP TSX SMALLCAP INDEX ETF Can't Burn Your Portfolio. Has Another Gap Up

The stock of iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) gapped up by $0.06 today and has $17.95 target or 9.00% above today’s $16.47 share price. The 8 months technical chart setup indicates low risk for the $136.50 million company. The gap was reported on Dec, 1 by Barchart.com. If the $17.95 price target is reached, the company will be worth $12.29M 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 21,825 shares traded hands or 39.15% up from the average. iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) has risen 11.30% since April 27, 2016 and is uptrending. It has outperformed by 5.38% the S&P500.

More recent iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) news were published by: Theglobeandmail.com which released: “Five ETFs to capture the ‘small-cap effect'” on December 19, 2014. Also Marketwired.com published the news titled: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” on September 07, 2016. Marketwired.com‘s news article titled: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” with publication date: June 08, 2016 was also an interesting one.

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