The stock of SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL PALLADIUM ETC (P-ETC) (LON:SPAP) gapped up by GBX 88.5 today and has GBX 10788.34 target or 94.00% above today’s GBX 5561.00 share price. The 9 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 15 by Barchart.com. If the GBX 10788.34 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 increased 3.03% or GBX 163.5 on November 15, hitting GBX 5561. About 11,600 shares traded hands or 440.04% up from the average. SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL PALLADIUM ETC (P-ETC) (LON:SPAP) has risen 44.72% since April 7, 2016 and is uptrending. It has outperformed by 40.80% the S&P500.
More news for SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL PALLADIUM ETC (P-ETC) (LON:SPAP) were recently published by: Streetinsider.com, which released: “Form FWP SPDR GOLD TRUST Filed by: SPDR GOLD TRUST” on August 11, 2016. Prnewswire.com‘s article titled: “Recycling of Platinum Group Metals – A Global Technology, Industry and Market …” and published on July 15, 2014 is yet another important article.
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