Is Buying Stock Like Horizons Auspice Managed Futures Index ETF After Such Gap Up a Winning Strategy?

 Is Buying Stock Like Horizons Auspice Managed Futures Index ETF After Such Gap Up a Winning Strategy?

The stock of Horizons Auspice Managed Futures Index ETF (TSE:HMF) gapped up by $0.02 today and has $27.05 target or 171.00% above today’s $9.98 share price. The 5 months technical chart setup indicates low risk for the $6.90 million company. The gap was reported on Nov, 2 by Barchart.com. If the $27.05 price target is reached, the company will be worth $11.80M 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%. The ETF increased 0.40% or $0.04 on November 2, hitting $9.98. About 16,650 shares traded hands or 2125.94% up from the average. Horizons Auspice Managed Futures Index ETF (TSE:HMF) has declined 0.90% since March 29, 2016 and is downtrending. It has underperformed by 3.42% the S&P500.

More notable recent Horizons Auspice Managed Futures Index ETF (TSE:HMF) news were published by: Business.Financialpost.com which released: “Commodity crush fuels managed futures returns” on December 17, 2014, also Business.Financialpost.com with their article: “Breaking the stigma, one multi-asset strategy at a time: ‘No one else is doing …” published on April 24, 2015, Business.Financialpost.com published: “Finally — alternative investments for the rest of us” on December 13, 2014. More interesting news about Horizons Auspice Managed Futures Index ETF (TSE:HMF) were released by: Business.Financialpost.com and their article: “ETFs to play the fear factor trade” published on October 18, 2013 as well as Business.Financialpost.com‘s news article titled: “How to invest in Europe now that the ECB has stepped up to the plate” with publication date: January 23, 2015.

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