The stock of SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL PALLADIUM P-ETC (LON:SPAL) gapped up by GBX 0.3 today and has GBX 174.99 target or 148.00% above today’s GBX 70.56 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 18 by Barchart.com. If the GBX 174.99 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 stock decreased 1.60% or GBX 1.15 on November 18, hitting GBX 70.56. About 18,000 shares traded hands or 148.10% up from the average. SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL PALLADIUM P-ETC (LON:SPAL) has risen 39.46% since April 6, 2016 and is uptrending. It has outperformed by 35.03% the S&P500.
More news for SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL PALLADIUM P-ETC (LON:SPAL) were recently published by: Prnewswire.com, which released: “Announcement of Proposed Class Action Settlement for Purchasers of Platinum or …” on September 12, 2014. Prnewswire.com‘s article titled: “ETFS White Metals Basket Trust to be Terminated” and published on January 29, 2016 is yet another important article.
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