The stock of FA US TACTICAL SECTOR ALLOCATION IDX ETF (TSE:FUT) gapped up by $0.07 today and has $50.60 target or 152.00% above today’s $20.08 share price. The 9 months technical chart setup indicates low risk for the $980,500 company. The gap was reported on Nov, 9 by Barchart.com. If the $50.60 price target is reached, the company will be worth $1.49 million 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%. About 40,251 shares traded hands or 4025000.00% up from the average. FA US TACTICAL SECTOR ALLOCATION IDX ETF (TSE:FUT) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More notable recent FA US TACTICAL SECTOR ALLOCATION IDX ETF (TSE:FUT) news were published by: Marketwatch.com which released: “3 NEW First Asset ETFs based on CIBC Index Strategies” on October 18, 2016, also Cnbc.com with their article: “This option could power your portfolio” published on February 22, 2016, Cnbc.com published: “Once indifferent, financial advisors are hopping onto ETF portfolio bandwagon” on June 09, 2016. More interesting news about FA US TACTICAL SECTOR ALLOCATION IDX ETF (TSE:FUT) were released by: Cnbc.com and their article: “Tactical Defense Is Best Strategy for Volatile Stock Market” published on October 03, 2011 as well as Cnbc.com‘s news article titled: “Stocks close off session highs in extended post-Yellen rally” with publication date: March 30, 2016.
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