What Will Happen to ISHARES SILVER BULLION ETF HDG Next? The Stock Just Gapped Up

 What Will Happen to ISHARES SILVER BULLION ETF HDG Next? The Stock Just Gapped Up

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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