Could HORIZONS BETAPRO SP 500 INVERSE ETF Crash Even More? The Stock Just Had a Gap Down

 Could HORIZONS BETAPRO SP 500 INVERSE ETF Crash Even More? The Stock Just Had a Gap Down

The stock of HORIZONS BETAPRO SP 500 INVERSE ETF (TSE:HIU) gapped down by $0.06 today and has $32.45 target or 12.00% below today’s $36.88 share price. The 9 months technical chart setup indicates high risk for the $24.88M company. The gap down was reported on Oct, 18 by Barchart.com. If the $32.45 price target is reached, the company will be worth $2.99M 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 28,617 shares traded hands or 129.60% up from the average. HORIZONS BETAPRO SP 500 INVERSE ETF (TSE:HIU) has declined 7.17% since March 11, 2016 and is downtrending. It has underperformed by 12.66% the S&P500.

More notable recent HORIZONS BETAPRO SP 500 INVERSE ETF (TSE:HIU) news were published by: Theglobeandmail.com which released: “ETFs you should get to know – and those to avoid” on August 24, 2012, also Theglobeandmail.com with their article: “Turning market volatility into profits” published on May 09, 2011, Theglobeandmail.com published: “Tempted to bet on market volatility? Here’s why advisers urge caution” on February 16, 2016. More interesting news about HORIZONS BETAPRO SP 500 INVERSE ETF (TSE:HIU) were released by: Theglobeandmail.com and their article: “Larry Berman: How to prepare for years of lower-than-average returns” published on September 27, 2016 as well as Theglobeandmail.com‘s news article titled: “The myth of ‘sell in May and go away'” with publication date: April 23, 2012.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment