Traders Are Bullish Horizons BetaPro Nasdaq 100 Bull Plus ETF After Today’s Gap Up

 Traders Are Bullish Horizons BetaPro Nasdaq 100 Bull Plus ETF After Today's Gap Up

The stock of Horizons BetaPro Nasdaq 100 Bull Plus ETF (TSE:HQU) gapped up by $0.52 today and has $63.55 target or 93.00% above today’s $32.93 share price. The 7 months technical chart setup indicates low risk for the $22.19 million company. The gap was reported on Oct, 18 by Barchart.com. If the $63.55 price target is reached, the company will be worth $20.64 million 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 14,108 shares traded hands. Horizons BetaPro Nasdaq 100 Bull Plus ETF (TSE:HQU) has risen 18.93% since March 11, 2016 and is uptrending. It has outperformed by 13.45% the S&P500.

Another recent and important Horizons BetaPro Nasdaq 100 Bull Plus ETF (TSE:HQU) news was published by Stockhouse.com which published an article titled: “Why short an ETF? Buy inverse instead” on December 16, 2011.

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