The stock of ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) gapped up by GBX 0.055 today and has GBX 22.21 target or 90.00% above today’s GBX 11.69 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 22.21 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 0.73% or GBX 0.09 on November 10, hitting GBX 11.69. About 32,060 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) has risen 33.95% since March 31, 2016 and is uptrending. It has outperformed by 28.30% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) were recently published by: Streetinsider.com, which released: “Form 497K iShares US ETF Trust” on October 26, 2016. Seekingalpha.com‘s article titled: “Can The Brazilian Rally Continue?” and published on August 22, 2016 is yet another important article.
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