The stock of ISHARES SILVER BULLION ETF HDG (TSE:SVR) gapped up by $0.2 today and has $14.51 target or 41.00% above today’s $10.29 share price. The 7 months technical chart setup indicates low risk for the $47.45M company. The gap was reported on Nov, 1 by Barchart.com. If the $14.51 price target is reached, the company will be worth $19.45M 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 11,704 shares traded hands. ISHARES SILVER BULLION ETF HDG (TSE:SVR) has risen 15.63% since March 28, 2016 and is uptrending. It has outperformed by 12.61% the S&P500.
More recent ISHARES SILVER BULLION ETF HDG (TSE:SVR) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on July 11, 2010. Also Fool.ca published the news titled: “3 Reasons Why I Am Bullish on Silver” on August 18, 2014. Zacks.com‘s news article titled: “Gold ETF Investing: 10 Facts Investors Need to Know” with publication date: June 09, 2016 was also an interesting one.
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