The stock of SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE S&P 500 UCITS ETF (LON:SPXS) gapped up by GBX 2.665 today and has GBX 1032.11 target or 181.00% above today’s GBX 367.30 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 1032.11 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 0.14% or GBX 0.5 on November 8, hitting GBX 367.3. About 1,185 shares traded hands. SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE S&P 500 UCITS ETF (LON:SPXS) has risen 20.56% since March 30, 2016 and is uptrending. It has outperformed by 18.60% the S&P500.
More notable recent SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE S&P 500 UCITS ETF (LON:SPXS) news were published by: Ft.com which released: “Isa guide 2014: Boost for passives” on March 05, 2014, also Ft.com with their article: “Trump or Clinton? What would they mean for investors?” published on April 29, 2016, Ft.com published: “VW car crash hasn’t put me off European equities” on October 08, 2015. More interesting news about SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE S&P 500 UCITS ETF (LON:SPXS) were released by: Ft.com and their article: “Could loss of confidence in the banks tip into a recession?” published on February 19, 2016 as well as Ft.com‘s news article titled: “Liquid alternative mutual funds leave investors disappointed” with publication date: May 22, 2016.
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