The stock of ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) gapped up by GBX 0.365 today and has GBX 59.85 target or 139.00% above today’s GBX 25.04 share price. The 9 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 10 by Barchart.com. If the GBX 59.85 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 increased 4.25% or GBX 1.02 on November 10, hitting GBX 25.04. About 889,688 shares traded hands or 313.15% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) has risen 10.26% since March 31, 2016 and is uptrending. It has outperformed by 4.61% the S&P500.
More notable recent ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) news were published by: Zacks.com which released: “Industrial Metals ETFs Investing 101” on January 16, 2015, also Investingnews.com with their article: “3 Copper ETFs” published on November 26, 2015, Investingnews.com published: “Copper Soars After Trump Victory” on November 09, 2016. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) were released by: Zacks.com and their article: “Best amp; Worst ETFs of 2015” published on December 30, 2015 as well as Cnbc.com‘s news article titled: “Here are the hottest topics in ETFs for 2016” with publication date: January 22, 2016.
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