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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.