What’s Ahead for ETFS COMMODITY SECURITIES LIMITED ETFS AGRICULTURE After Today’s Gap Up?

 What's Ahead for ETFS COMMODITY SECURITIES LIMITED ETFS AGRICULTURE After Today's Gap Up?

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS AGRICULTURE (LON:AGAP) gapped up by GBX 7.572 today and has GBX 1275.32 target or 185.00% above today’s GBX 447.48 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 1275.32 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 decreased 0.03% or GBX 0.12 on November 8, hitting GBX 447.48. ETFS COMMODITY SECURITIES LIMITED ETFS AGRICULTURE (LON:AGAP) has risen 16.12% since February 17, 2016 and is uptrending. It has outperformed by 14.16% the S&P500.

More recent ETFS COMMODITY SECURITIES LIMITED ETFS AGRICULTURE (LON:AGAP) news were published by: Ft.com which released: “Biggest crop ETF on track for best year since 2009” on June 23, 2016. Also Forbes.com published the news titled: “Tax Treatment Can Be Tricky With Options and ETFs” on March 02, 2016. Nasdaq.com‘s news article titled: “Broad Commodity ETFs Gain Traction in Q2: Will the Trend Continue?” with publication date: August 16, 2016 was also an interesting one.

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