What Will Happen to BOOST ISSUER PUBLIC LIMITED COMPANY BOOST S&P500 VIX SHORTTERM FUTURES 2.25X Next? The Stock Just Gapped Down

 What Will Happen to BOOST ISSUER PUBLIC LIMITED COMPANY BOOST S&P500 VIX SHORTTERM FUTURES 2.25X Next? The Stock Just Gapped Down

The stock of BOOST ISSUER PUBLIC LIMITED COMPANY BOOST S&P500 VIX SHORTTERM FUTURES 2.25X (LON:VILX) gapped down by GBX 69.125 today and has GBX 507.38 target or 12.00% below today’s GBX 576.57 share price. The 9 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 8 by Barchart.com. If the GBX 507.38 price target is reached, the company will be worth GBX less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 12.66% or GBX 83.55 on November 8, hitting GBX 576.57. About 50,000 shares traded hands or 2213.74% up from the average. BOOST ISSUER PUBLIC LIMITED COMPANY BOOST S&P500 VIX SHORTTERM FUTURES 2.25X (LON:VILX) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

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