Horizons BetaPro US 30 Year Bond Bear Plus ETF Draws Bullish Attention After Its Gap Up Today

 Horizons BetaPro US 30 Year Bond Bear Plus ETF Draws Bullish Attention After Its Gap Up Today

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 – Horizons BetaPro ETFs” with publication date: January 20, 2016.

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