iSHARES SP TSX SMALLCAP INDEX ETF Draws Bullish Attention After Its Gap Up Today

 iSHARES SP TSX SMALLCAP INDEX ETF Draws Bullish Attention After Its Gap Up Today

The stock of iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) gapped up by $0.06 today and has $17.00 target or 4.00% above today’s $16.35 share price. The 6 months technical chart setup indicates low risk for the $136.50M company. The gap was reported on Dec, 1 by Barchart.com. If the $17.00 price target is reached, the company will be worth $5.46M 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 32,085 shares traded hands or 104.56% 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 important 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 article titled: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs”, Marketwired.com published: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016. More interesting news about iSHARES SP TSX SMALLCAP INDEX ETF (TSE:XCS) was released by: Theglobeandmail.com and their article: “The Globe and Mail” with publication date: November 26, 2009.

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