Horizons BetaPro Nasdaq 100 Bear Plus ETF’s Big Gap Down Today Points to More Stock Risks

 Horizons BetaPro Nasdaq 100 Bear Plus ETF's Big Gap Down Today Points to More Stock Risks

The stock of Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) gapped down by $0.21 today and has $15.06 target or 12.00% below today’s $17.11 share price. The 9 months technical chart setup indicates high risk for the $10.77 million company. The gap down was reported on Oct, 18 by Barchart.com. If the $15.06 price target is reached, the company will be worth $1.29 million 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 16,430 shares traded hands. Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) has declined 21.07% since March 11, 2016 and is downtrending. It has underperformed by 26.55% the S&P500.

More important recent Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) news were published by: Stockhouse.com which released: “MicroCap Report: Sirius XM (T.XSR) to buy back, Pacific Rubiales (T.PRE) sinks …” on January 15, 2016, also Nasdaq.com published article titled: “5 Ways To Play The Oil Price Plunge”, Business.Financialpost.com published: “What’s in your ETF?” on November 11, 2011. More interesting news about Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) was released by: Stockhouse.com and their article: “Why short an ETF? Buy inverse instead” with publication date: December 16, 2011.

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