The stock of SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL SILVER P-ETC (LON:SSLV) gapped up by GBX 0.015 today and has GBX 39.45 target or 117.00% above today’s GBX 18.18 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 39.45 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 stock decreased 0.80% or GBX 0.15 on November 10, hitting GBX 18.18. About 59,773 shares traded hands. SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL SILVER P-ETC (LON:SSLV) has risen 22.63% since March 30, 2016 and is uptrending. It has outperformed by 16.98% the S&P500.
More recent SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL SILVER P-ETC (LON:SSLV) news were published by: Pionline.com which released: “Gold’s appeal grows in era of volatile markets” on March 19, 2016. Also Forbes.com published the news titled: “365 By Whole Foods: 7 Days After Opening, There’s A Lot To Question” on June 02, 2016. Prnewswire.com‘s news article titled: “Consolidated Class Action Lawsuits On Behalf Of Gold And Silver Investors To …” with publication date: October 06, 2016 was also an interesting one.
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