The stock of ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) gapped up by GBX 0.125 today and has GBX 14.35 target or 30.00% above today’s GBX 11.04 share price. The 7 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 10 by Barchart.com. If the GBX 14.35 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 3.13% or GBX 0.34 on November 10, hitting GBX 11.04. About 3.11 million shares traded hands or 2031.45% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) has risen 18.52% since March 30, 2016 and is uptrending. It has outperformed by 12.87% the S&P500.
More important recent ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) news were published by: Zacks.com which released: “Industrial Metals ETFs Investing 101” on January 16, 2015, also Zacks.com published article titled: “These Commodity Currency ETFs Outpacing Dollar to Start 2016”, Zacks.com published: “What Ails the Industrial Metals Industry?” on August 19, 2016. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) was released by: Chicagobusiness.com and their article: “Global markets roiled as Trump wins in shock upset” with publication date: November 09, 2016.