The stock of HORIZONS NYMEX NATURAL GAS ETF (TSE:HUN) gapped up by $0.14 today and has $11.48 target or 74.00% above today’s $6.60 share price. The 7 months technical chart setup indicates low risk for the $11.13 million company. The gap was reported on Nov, 21 by Barchart.com. If the $11.48 price target is reached, the company will be worth $8.24 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 11,900 shares traded hands or 254.06% up from the average. HORIZONS NYMEX NATURAL GAS ETF (TSE:HUN) has risen 0.31% since April 15, 2016 and is uptrending. It has underperformed by 3.55% the S&P500.
More notable recent HORIZONS NYMEX NATURAL GAS ETF (TSE:HUN) news were published by: Theglobeandmail.com which released: “Three top ETF picks from Horizons’ Brooke Thackray” on September 17, 2015, also Seekingalpha.com with their article: “Natural Gas And The Trickling Bull” published on September 12, 2016, Seekingalpha.com published: “Natural Gas Recovery” on August 29, 2016. More interesting news about HORIZONS NYMEX NATURAL GAS ETF (TSE:HUN) were released by: Etftrends.com and their article: “While Energy Market Cools, Natural Gas ETF Looks Hot” published on August 22, 2016 as well as Seekingalpha.com‘s news article titled: “U.S. Natural Gas Production: Modeled Outlook” with publication date: September 29, 2016.
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