The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG SUGAR (LON:LSUG) gapped up by GBX 0.2 today and has GBX 31.97 target or 177.00% above today’s GBX 11.54 share price. The 7 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 31.97 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 2.24% or GBX 0.25 on November 8, hitting GBX 11.54. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG SUGAR (LON:LSUG) has risen 65.35% since March 30, 2016 and is uptrending. It has outperformed by 63.39% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG SUGAR (LON:LSUG) were recently published by: Etfdailynews.com, which released: “ETF Tax Tutorial: Complete List Of ETFs That Issue A K-1” on February 14, 2012. Etfdb.com‘s article titled: “ETFs and K-1s Tax Reporting” and published on February 13, 2012 is yet another important article.
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