The stock of ISHARES CORE MSCI ALL CNTRY EX CAN ETF (TSE:XAW) gapped down by $0.03 today and has $19.55 target or 8.00% below today’s $21.25 share price. The 7 months technical chart setup indicates high risk for the $105.64M company. The gap down was reported on Dec, 1 by Barchart.com. If the $19.55 price target is reached, the company will be worth $8.45M 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 11,746 shares traded hands. ISHARES CORE MSCI ALL CNTRY EX CAN ETF (TSE:XAW) has risen 11.71% since April 29, 2016 and is uptrending. It has outperformed by 5.78% the S&P500.
More notable recent ISHARES CORE MSCI ALL CNTRY EX CAN ETF (TSE:XAW) news were published by: Theglobeandmail.com which released: “New ETF offers Canadians unhedged exposure to US dividend stocks” on February 17, 2015, also Etftrends.com with their article: “Diversifying with International Stock ETFs” published on May 26, 2015, Marketwired.com published: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016. More interesting news about ISHARES CORE MSCI ALL CNTRY EX CAN ETF (TSE:XAW) were released by: Theglobeandmail.com and their article: “RRSP investors: Why own one stock when you can own them all?” published on February 25, 2016 as well as Theglobeandmail.com‘s news article titled: “The ABCs of building an RESP using ETFs” with publication date: October 21, 2016.
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