What Next for SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE RUSSELL 2000 UCITS ETF After Today’s Gap Up?

 What Next for SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE RUSSELL 2000 UCITS ETF After Today's Gap Up?

The stock of SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE RUSSELL 2000 UCITS ETF (LON:RTYS) gapped up by GBX 0.506 today and has GBX 145.69 target or 161.00% above today’s GBX 55.82 share price. The 5 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 145.69 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 0.25% or GBX 0.14 on November 8, hitting GBX 55.82. About 13,598 shares traded hands or 0.11% up from the average. SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE RUSSELL 2000 UCITS ETF (LON:RTYS) has risen 7.99% since March 30, 2016 and is uptrending. It has outperformed by 6.03% the S&P500.

Another recent and important SOURCE MARKETS PUBLIC LIMITED COMPANY SOURCE RUSSELL 2000 UCITS ETF (LON:RTYS) news was published by Businesswire.com which published an article titled: “First Trust Global Portfolios Launches the First Trust US IPO Index UCITS ETF” on August 27, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment