What’s Next for HORIZONS ENHANCED INCOME EQUITY ETF After Today’s Gap Up?

 What's Next for HORIZONS ENHANCED INCOME EQUITY ETF After Today's Gap Up?

The stock of HORIZONS ENHANCED INCOME EQUITY ETF (TSE:HEX) gapped up by $0.01 today and has $12.71 target or 88.00% above today’s $6.76 share price. The 8 months technical chart setup indicates low risk for the $59.41 million company. The gap was reported on Oct, 19 by Barchart.com. If the $12.71 price target is reached, the company will be worth $52.28 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 19,771 shares traded hands or 160.83% up from the average. HORIZONS ENHANCED INCOME EQUITY ETF (TSE:HEX) has risen 8.75% since March 14, 2016 and is uptrending. It has outperformed by 3.21% the S&P500.

More important recent HORIZONS ENHANCED INCOME EQUITY ETF (TSE:HEX) news were published by: Marketwatch.com which released: “Horizons announces July 2016 distributions for its covered call ETFs” on July 21, 2016, also Marketwatch.com published article titled: “Horizons Announces August 2016 Distributions for its Covered Call ETFs”, Theglobeandmail.com published: “The case against covered call ETFs” on May 23, 2014. More interesting news about HORIZONS ENHANCED INCOME EQUITY ETF (TSE:HEX) was released by: Marketwatch.com and their article: “Horizons Announces September 2016 Distributions for its Covered Call ETFs” with publication date: September 22, 2016.

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