The stock of GO UCITS ETF SOLUTIONS PLC ETFS RUSSELL 2000 US SMALL CAP GO UCITS (LON:RTWP) gapped up by GBX 93.6 today and has GBX 8897.41 target or 108.00% above today’s GBX 4277.60 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 14 by Barchart.com. If the GBX 8897.41 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 4.01% or GBX 165.1 on November 14, hitting GBX 4277.6. About 13,849 shares traded hands or 3812.15% up from the average. GO UCITS ETF SOLUTIONS PLC ETFS RUSSELL 2000 US SMALL CAP GO UCITS (LON:RTWP) has risen 29.30% since April 6, 2016 and is uptrending. It has outperformed by 24.32% the S&P500.
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