HORIZONS BETAPRO SP 500 INVERSE ETF Just Recorded A Sigfniciant Gap Down

 HORIZONS BETAPRO SP 500 INVERSE ETF Just Recorded A Sigfniciant Gap Down

The stock of HORIZONS BETAPRO SP 500 INVERSE ETF (TSE:HIU) gapped down by $0.31 today and has $31.82 target or 14.00% below today’s $37.00 share price. The 5 months technical chart setup indicates high risk for the $29.08M company. The gap down was reported on Nov, 7 by Barchart.com. If the $31.82 price target is reached, the company will be worth $4.07M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 14,167 shares traded hands or 66.03% up from the average. HORIZONS BETAPRO SP 500 INVERSE ETF (TSE:HIU) has declined 3.03% since April 1, 2016 and is downtrending. It has underperformed by 4.99% the S&P500.

More important recent HORIZONS BETAPRO SP 500 INVERSE ETF (TSE:HIU) news were published by: Theglobeandmail.com which released: “ETFs you should get to know – and those to avoid” on August 24, 2012, also Theglobeandmail.com published article titled: “Turning market volatility into profits”, Theglobeandmail.com published: “Tempted to bet on market volatility? Here’s why advisers urge caution” on February 16, 2016. More interesting news about HORIZONS BETAPRO SP 500 INVERSE ETF (TSE:HIU) was released by: Theglobeandmail.com and their article: “Larry Berman: How to prepare for years of lower-than-average returns” with publication date: September 27, 2016.

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