Is Selling Stock Like PURPOSE TOTAL RETURN BOND FUND ETF After Such Gap Down a Winning Strategy?

 Is Selling Stock Like PURPOSE TOTAL RETURN BOND FUND ETF After Such Gap Down a Winning Strategy?

The stock of PURPOSE TOTAL RETURN BOND FUND ETF (TSE:PBD) gapped down by $0.15 today and has $16.67 target or 13.00% below today’s $19.16 share price. The 8 months technical chart setup indicates high risk for the $83.53M company. The gap down was reported on Nov, 14 by Barchart.com. If the $16.67 price target is reached, the company will be worth $10.86 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 11,496 shares traded hands or 286.42% up from the average. PURPOSE TOTAL RETURN BOND FUND ETF (TSE:PBD) has risen 1.90% since April 12, 2016 and is uptrending. It has underperformed by 3.08% the S&P500.

More notable recent PURPOSE TOTAL RETURN BOND FUND ETF (TSE:PBD) news were published by: Theglobeandmail.com which released: “What investors need to know about tactical bond ETFs” on July 03, 2015, also Marketwired.com with their article: “Purpose Investments Inc. Announces August Distributions” published on August 22, 2016, Marketwired.com published: “Purpose Investments Inc. Announces September Distributions” on September 21, 2016. More interesting news about PURPOSE TOTAL RETURN BOND FUND ETF (TSE:PBD) were released by: Marketwired.com and their article: “Purpose Investments Inc. Announces October Distributions” published on July 23, 2016 as well as Business.Financialpost.com‘s news article titled: “Jonathan Chevreau: Why fund investors should get active with their ETFs” with publication date: September 08, 2015.

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