The stock of SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE FINANCIAL S&P US SECTOR UCITS ETF (LON:XLFS) gapped up by GBX 0.68 today and has GBX 186.35 target or 37.00% above today’s GBX 136.02 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 186.35 price target is reached, the company will be worth GBX 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%. The ETF increased 0.23% or GBX 0.32 on November 8, hitting GBX 136.02. About 49,494 shares traded hands or 50.98% up from the average. SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE FINANCIAL S&P US SECTOR UCITS ETF (LON:XLFS) has declined 11.88% since March 30, 2016 and is downtrending. It has underperformed by 13.83% the S&P500.
More notable recent SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE FINANCIAL S&P US SECTOR UCITS ETF (LON:XLFS) news were published by: Ft.com which released: “Could loss of confidence in the banks tip into a recession?” on February 19, 2016, also Ft.com with their article: “Liquid alternative mutual funds leave investors disappointed” published on May 22, 2016, Ft.com published: “‘Liquid’ alt funds still have much to prove” on October 28, 2015. More interesting news about SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE FINANCIAL S&P US SECTOR UCITS ETF (LON:XLFS) were released by: Ft.com and their article: “How to choose the right ETF” published on July 12, 2013 as well as Ft.com‘s news article titled: “Regulator puts Reits into turmoil” with publication date: April 21, 2013.
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