The stock of GO UCITS ETF SOLUTIONS PLC ETFS ISE CYBER SECURITY GO UCITS ETF (LON:USPY) gapped up by GBX 0.015 today and has GBX 19.38 target or 93.00% above today’s GBX 10.04 share price. The 5 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 18 by Barchart.com. If the GBX 19.38 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 ETF closed at GBX 10.04 during the last session. It is down 31.88% since April 8, 2016 and is uptrending. It has outperformed by 27.45% the S&P500.
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