Horizons Enhanced Income International Equity ETF’s Trend Down, Especially After Today’s Gap Down

 Horizons Enhanced Income International Equity ETF's Trend Down, Especially After Today's Gap Down

The stock of Horizons Enhanced Income International Equity ETF (TSE:HEJ) gapped down by $0.05 today and has $5.28 target or 12.00% below today’s $6.00 share price. The 5 months technical chart setup indicates high risk for the $10.58 million company. The gap down was reported on Nov, 18 by Barchart.com. If the $5.28 price target is reached, the company will be worth $1.27 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 12,932 shares traded hands or 232.53% up from the average. Horizons Enhanced Income International Equity ETF (TSE:HEJ) has declined 1.14% since April 14, 2016 and is downtrending. It has underperformed by 5.57% the S&P500.

More notable recent Horizons Enhanced Income International Equity ETF (TSE:HEJ) news were published by: Marketwatch.com which released: “Horizons announces July 2016 distributions for its covered call ETFs” on July 21, 2016, also Theglobeandmail.com with their article: “The case against covered call ETFs” published on May 23, 2014, Marketwatch.com published: “Horizons Announces October 2016 Distributions for its Covered Call ETFs” on October 21, 2016. More interesting news about Horizons Enhanced Income International Equity ETF (TSE:HEJ) were released by: Wsj.com and their article: “Active Equity ETFs Make Their Case” published on July 05, 2016 as well as Etftrends.com‘s news article titled: “BlackRock’s iShares to Liquidate 10 ETFs” with publication date: June 27, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment