The stock of Horizons BetaPro S&P 500 Bull Plus ETF (TSE:HSU) gapped up by $0.01 today and has $82.53 target or 139.00% above today’s $34.53 share price. The 9 months technical chart setup indicates low risk for the $32.97M company. The gap was reported on Nov, 17 by Barchart.com. If the $82.53 price target is reached, the company will be worth $45.83M 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%. About 38,002 shares traded hands. Horizons BetaPro S&P 500 Bull Plus ETF (TSE:HSU) has risen 8.68% since April 13, 2016 and is uptrending. It has outperformed by 4.06% the S&P500.
More important recent Horizons BetaPro S&P 500 Bull Plus ETF (TSE:HSU) news were published by: Theglobeandmail.com which released: “Turning market volatility into profits” on May 09, 2011, also Business.Financialpost.com published article titled: “Horizons BetaPro launches Canada’s first volatility ETFs”, Theglobeandmail.com published: “Tempted to bet on market volatility? Here’s why advisers urge caution” on February 16, 2016. More interesting news about Horizons BetaPro S&P 500 Bull Plus ETF (TSE:HSU) was released by: Midasletter.com and their article: “S&P/TSX Composite, S&P 500: Top Trades in Crisis Markets â€“ Horizons BetaPro ETFs” with publication date: January 20, 2016.
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