The stock of Horizons Betapro S&P 500 Index C$ Hedged ETF (TSE:HXS) gapped up by $0.23 today and has $144.10 target or 175.00% above today’s $52.40 share price. The 8 months technical chart setup indicates low risk for the $438.72M company. The gap was reported on Nov, 7 by Barchart.com. If the $144.10 price target is reached, the company will be worth $767.76M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 11,851 shares traded hands or 56.66% up from the average. Horizons Betapro S&P 500 Index C$ Hedged ETF (TSE:HXS) has risen 4.74% since April 1, 2016 and is uptrending. It has outperformed by 2.79% the S&P500.
More news for Horizons Betapro S&P 500 Index C$ Hedged ETF (TSE:HXS) were recently published by: Seekingalpha.com, which released: “No ‘Bull’ About Leveraged Gold Bull ETFs” on November 21, 2012. Bnn.ca‘s article titled: “Robert McWhirter’s Top Picks: November 4, 2016” and published on August 24, 2016 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.