The stock of LYXOR INTERNATIONAL ASSET MANAGEMENT LYXOR UCITS ETF RUSSELL 1000 GROWTH (LON:RUSG) gapped up by GBX 0.36 today and has GBX 357.20 target or 191.00% above today’s GBX 122.75 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 357.20 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 increased 0.80% or GBX 0.97 on November 18, hitting GBX 122.75. About 15 shares traded hands. LYXOR INTERNATIONAL ASSET MANAGEMENT LYXOR UCITS ETF RUSSELL 1000 GROWTH (LON:RUSG) has risen 18.72% since April 8, 2016 and is uptrending. It has outperformed by 14.29% the S&P500.
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.