Horizons AlphaPro Seasonal Rotation ETF Can’t Burn Your Portfolio. Has Another Gap Up

 Horizons AlphaPro Seasonal Rotation ETF Can't Burn Your Portfolio. Has Another Gap Up

The stock of Horizons AlphaPro Seasonal Rotation ETF (TSE:HAC) gapped up by $0.07 today and has $43.55 target or 150.00% above today’s $17.42 share price. The 8 months technical chart setup indicates low risk for the $169.27 million company. The gap was reported on Nov, 7 by Barchart.com. If the $43.55 price target is reached, the company will be worth $253.91M 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 18,392 shares traded hands or 123.37% up from the average. Horizons AlphaPro Seasonal Rotation ETF (TSE:HAC) has risen 2.14% since April 1, 2016 and is uptrending. It has outperformed by 0.18% the S&P500.

More notable recent Horizons AlphaPro Seasonal Rotation ETF (TSE:HAC) news were published by: Theglobeandmail.com which released: “Don Vialoux and son promise return after cutting ties with Horizons” on August 18, 2015, also Theglobeandmail.com with their article: “Why the fund I manage has exited 90% of its equities” published on May 05, 2016, Business.Financialpost.com published: “Jonathan Chevreau: Why fund investors should get active with their ETFs” on September 08, 2015. More interesting news about Horizons AlphaPro Seasonal Rotation ETF (TSE:HAC) were released by: Theglobeandmail.com and their article: “The best ETFs for investing in metals and mining” published on March 07, 2011 as well as Theglobeandmail.com‘s news article titled: “For seasonal traders, this Monday is the day to buy stocks” with publication date: October 26, 2012.

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