What’s Ahead for ISHARES SP TSX CDN DIVIDEND IDX ETF After Today’s Gap Up?

 What's Ahead for ISHARES SP TSX CDN DIVIDEND IDX ETF After Today's Gap Up?

The stock of ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) gapped up by $0.07 today and has $28.11 target or 8.00% above today’s $26.03 share price. The 5 months technical chart setup indicates low risk for the $977.94 million company. The gap was reported on Dec, 1 by Barchart.com. If the $28.11 price target is reached, the company will be worth $78.24M 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 16,159 shares traded hands. ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) has risen 5.66% since April 27, 2016 and is uptrending. It has underperformed by 0.26% the S&P500.

More notable recent ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also Theglobeandmail.com with their article: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” published on November 22, 2014, Theglobeandmail.com published: “The Great Canadian Dividend Fund Smackdown: Find a winner that works for you” on November 25, 2016. More interesting news about ISHARES SP TSX CDN DIVIDEND IDX ETF (TSE:CDZ) were released by: Business.Financialpost.com and their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015 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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