Can HORIZONS NYMEX NATURAL GAS ETF’s Tomorrow be Different? The Stock Just Gapped Up

 Can HORIZONS NYMEX NATURAL GAS ETF's Tomorrow be Different? The Stock Just Gapped Up

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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