Could VANECK VECTORS UCITS ETFS PLC VANECK VECTORS GOLD MINERS A SHARES Change Direction After Today’s Gap Up?

 Could VANECK VECTORS UCITS ETFS PLC VANECK VECTORS GOLD MINERS A SHARES Change Direction After Today's Gap Up?

The stock of VANECK VECTORS UCITS ETFS PLC VANECK VECTORS GOLD MINERS A SHARES (LON:GDX) gapped up by GBX 0.01 today and has GBX 53.22 target or 119.00% above today’s GBX 24.30 share price. The 6 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 10 by Barchart.com. If the GBX 53.22 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 5.83% or GBX 1.5 on November 10, hitting GBX 24.3. About 416,887 shares traded hands or 706.89% up from the average. VANECK VECTORS UCITS ETFS PLC VANECK VECTORS GOLD MINERS A SHARES (LON:GDX) has risen 25.43% since April 4, 2016 and is uptrending. It has outperformed by 19.78% the S&P500.

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