The stock of HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) gapped up by $0.19 today and has $20.48 target or 48.00% above today’s $13.84 share price. The 8 months technical chart setup indicates low risk for the $24.29 million company. The gap was reported on Nov, 10 by Barchart.com. If the $20.48 price target is reached, the company will be worth $11.66M 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 97,967 shares traded hands. HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) has risen 45.91% since April 6, 2016 and is uptrending. It has outperformed by 40.26% the S&P500.
Another recent and important HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) news was published by Business.Financialpost.com which published an article titled: “Horizons BetaPro launches Canada’s first volatility ETFs” on December 16, 2010.
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