Is ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL’s Fuel Running High? The Stock Just Gapped Up

 Is ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL's Fuel Running High? The Stock Just Gapped Up

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) gapped up by GBX 0.393 today and has GBX 17.04 target or 50.00% above today’s GBX 11.36 share price. The 6 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 17.04 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 2.64% or GBX 0.29 on November 8, hitting GBX 11.36. About 10,517 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) has risen 27.25% since March 29, 2016 and is uptrending. It has outperformed by 25.30% the S&P500.

Another recent and important ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) news was published by Seekingalpha.com which published an article titled: “Can The Brazilian Rally Continue?” on August 22, 2016.

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