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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