Some Traders Are Very Bullish on HORIZONS GLOBAL CURRENCY OPP ETF After Today’s Gap Up

 Some Traders Are Very Bullish on HORIZONS GLOBAL CURRENCY OPP ETF After Today's Gap Up

The stock of HORIZONS GLOBAL CURRENCY OPP ETF (TSE:HGC) gapped up by $0.05 today and has $27.12 target or 163.00% above today’s $10.31 share price. The 9 months technical chart setup indicates low risk for the $10.25M company. The gap was reported on Nov, 4 by Barchart.com. If the $27.12 price target is reached, the company will be worth $16.71M 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 16,700 shares traded hands or 1310.47% up from the average. HORIZONS GLOBAL CURRENCY OPP ETF (TSE:HGC) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.

More notable recent HORIZONS GLOBAL CURRENCY OPP ETF (TSE:HGC) news were published by: Etftrends.com which released: “A Sector Rotation ETF Strategy Targeting Attractive Opportunities” on September 01, 2016, also Zacks.com with their article: “Mutual Funds” published on December 02, 2012, Reuters.com published: “Does your mutual fund invest in stocks of gun and ammo makers?” on February 05, 2016. More interesting news about HORIZONS GLOBAL CURRENCY OPP ETF (TSE:HGC) were released by: Zacks.com and their article: “Top Three High Yield Financial ETFs” published on February 14, 2012 as well as Barrons.com‘s news article titled: “Bargains in Muni Closed-End Funds” with publication date: June 08, 2013.

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