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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