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.
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