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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