The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG INDUSTRIAL METAL (LON:LIME) gapped up by GBX 0.134 today and has GBX 5.45 target or 6.00% above today’s GBX 5.14 share price. The 5 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 22 by Barchart.com. If the GBX 5.45 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 0.56% or GBX 0.03 on November 22, hitting GBX 5.14. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG INDUSTRIAL METAL (LON:LIME) has risen 36.48% since April 14, 2016 and is uptrending. It has outperformed by 31.93% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG INDUSTRIAL METAL (LON:LIME) were recently published by: Zacks.com, which released: “10 Leveraged/Inverse ETFs Winners YTD” on October 19, 2015. Etfdb.com‘s article titled: “The Definitive Oil ETF Guide: List of Oil ETFs and More” and published on April 18, 2009 is yet another important article.
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