Could HORIZONS BP SP500 VIX ST FUT INV ETF Change Direction After Today’s Gap Up?

 Could HORIZONS BP SP500 VIX ST FUT INV ETF Change Direction After Today's Gap Up?

The stock of HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) gapped up by $0.47 today and has $24.20 target or 87.00% above today’s $12.94 share price. The 6 months technical chart setup indicates low risk for the $12.94M company. The gap was reported on Nov, 7 by Barchart.com. If the $24.20 price target is reached, the company will be worth $11.26M 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 242,898 shares traded hands. HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) has risen 20.86% since April 1, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Another recent and important HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) news was published by Business.Financialpost.com which published an article titled: “Horizons BetaPro launches Canada’s first volatility ETFs” on December 16, 2010.

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