The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COPPER (LON:LCOP) gapped up by GBX 0.218 today and has GBX 11.51 target or 85.00% above today’s GBX 6.22 share price. The 5 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 10 by Barchart.com. If the GBX 11.51 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 7.24% or GBX 0.42 on November 10, hitting GBX 6.22. About 101,104 shares traded hands or 2069.61% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COPPER (LON:LCOP) has risen 23.64% since April 4, 2016 and is uptrending. It has outperformed by 17.99% the S&P500.
More important recent ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COPPER (LON:LCOP) news were published by: Seekingalpha.com which released: “How To Buy The Best Copper ETF” on June 07, 2012, also Etfdailynews.com published article titled: “ETF Tax Tutorial: Complete List Of ETFs That Issue A K-1”, Etfdb.com published: “ETFs and K-1s Tax Reporting” on February 13, 2012. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COPPER (LON:LCOP) was released by: Zacks.com and their article: “10 Leveraged/Inverse ETFs Winners YTD” with publication date: October 19, 2015.
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