What’s Next for PURPOSE TACTICAL INV GRADE BOND FUND After Today’s Gap Up?

 What's Next for PURPOSE TACTICAL INV GRADE BOND FUND After Today's Gap Up?

The stock of PURPOSE TACTICAL INV GRADE BOND FUND (TSE:BND) gapped up by $0.05 today and has $56.33 target or 176.00% above today’s $20.41 share price. The 9 months technical chart setup indicates low risk for the $68.68 million company. The gap was reported on Nov, 4 by Barchart.com. If the $56.33 price target is reached, the company will be worth $120.88 million 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 192,800 shares traded hands or 1479.03% up from the average. PURPOSE TACTICAL INV GRADE BOND FUND (TSE:BND) has risen 1.70% since March 31, 2016 and is uptrending. It has outperformed by 0.61% the S&P500.

More notable recent PURPOSE TACTICAL INV GRADE BOND FUND (TSE:BND) news were published by: Marketwired.com which released: “Purpose Investments Announces the Launch of an Innovative New Investment Grade …” on October 28, 2015, also Marketwired.com with their article: “Purpose Investments Inc. Announces September Distributions” published on September 21, 2016, Marketwired.com published: “Purpose Investments Inc. Announces August Distributions” on August 22, 2016. More interesting news about PURPOSE TACTICAL INV GRADE BOND FUND (TSE:BND) were released by: Zacks.com and their article: “Investment-Grade Bond Funds Attracting Attentions: 4 Choices” published on August 05, 2016 as well as Marketwired.com‘s news article titled: “Purpose Investments Inc. Announces October Distributions” with publication date: July 23, 2016.

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