The stock of HSBC ETFS PLC HSBC MSCI WORLD UCITS ETF (LON:HMWO) gapped up by GBX 16.3 today and has GBX 2117.93 target or 57.00% above today’s GBX 1349.00 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 2117.93 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 0.39% or GBX 5.25 on November 8, hitting GBX 1349. About 14,465 shares traded hands. HSBC ETFS PLC HSBC MSCI WORLD UCITS ETF (LON:HMWO) has risen 16.58% since March 29, 2016 and is uptrending. It has outperformed by 14.63% the S&P500.
Another recent and important HSBC ETFS PLC HSBC MSCI WORLD UCITS ETF (LON:HMWO) news was published by Benzinga.com which published an article titled: “SocGen’s 3 Ways To Play A Brexit” on March 09, 2016.
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