The stock of Horizons BetaPro US 30 Year Bond Bear Plus ETF (TSE:HTD) gapped up by $0.02 today and has $13.10 target or 33.00% above today’s $9.85 share price. The 7 months technical chart setup indicates low risk for the $5.45 million company. The gap was reported on Nov, 17 by Barchart.com. If the $13.10 price target is reached, the company will be worth $1.80 million 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 10,600 shares traded hands or 135.29% up from the average. Horizons BetaPro US 30 Year Bond Bear Plus ETF (TSE:HTD) has risen 6.98% since April 13, 2016 and is uptrending. It has outperformed by 2.36% the S&P500.
More notable recent Horizons BetaPro US 30 Year Bond Bear Plus ETF (TSE:HTD) news were published by: Theglobeandmail.com which released: “Look to ETFs to hedge against rising rates” on February 11, 2011, also Business.Financialpost.com with their article: “How to short US treasuries like Bill Gross” published on April 13, 2011, Theglobeandmail.com published: “Three top picks from Bank of Nova Scotia’s Jaime Carrasco” on December 13, 2014. More interesting news about Horizons BetaPro US 30 Year Bond Bear Plus ETF (TSE:HTD) were released by: Bloomberg.com and their article: “‘Face-Ripping’ Rally in Canada Material Stocks Missing Key Piece” published on May 17, 2016 as well as Midasletter.com‘s news article titled: “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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