Bullish Gap Up for HORIZONS BP SP500 VIX ST FUT INV ETF After Better Fundamentals

 Bullish Gap Up for HORIZONS BP SP500 VIX ST FUT INV ETF After Better Fundamentals

The stock of HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) gapped up by $0.11 today and has $45.53 target or 193.00% above today’s $15.54 share price. The 8 months technical chart setup indicates low risk for the $19.68 million company. The gap was reported on Nov, 21 by Barchart.com. If the $45.53 price target is reached, the company will be worth $37.98 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 123,009 shares traded hands. HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) has risen 54.67% since April 15, 2016 and is uptrending. It has outperformed by 50.81% the S&P500.

Another recent and important HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) news was published by Business.Financialpost.com which published an article titled: “Horizons BetaPro launches Canada’s first volatility ETFs” on December 16, 2010.

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