ETFS EQUITY SECURITIES LIMITED ETFS 3X DAILY LONG FTSE 100 Gaps Up; Strong Momentum for Buyers

 ETFS EQUITY SECURITIES LIMITED ETFS 3X DAILY LONG FTSE 100 Gaps Up; Strong Momentum for Buyers

The stock of ETFS EQUITY SECURITIES LIMITED ETFS 3X DAILY LONG FTSE 100 (LON:UK3L) gapped up by GBX 10 today and has GBX 2411.20 target or 120.00% above today’s GBX 1096.00 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 2411.20 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 2.55% or GBX 27.25 on November 8, hitting GBX 1096. About 79,831 shares traded hands or 197.97% up from the average. ETFS EQUITY SECURITIES LIMITED ETFS 3X DAILY LONG FTSE 100 (LON:UK3L) has risen 31.80% since March 30, 2016 and is uptrending. It has outperformed by 29.85% the S&P500.

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