The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) gapped up by GBX 0.08 today and has GBX 8.53 target or 7.00% above today’s GBX 7.97 share price. The 6 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 22 by Barchart.com. If the GBX 8.53 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 2.26% or GBX 0.18 on November 22, hitting GBX 7.97. About 13,588 shares traded hands or 58.37% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) has risen 74.77% since April 13, 2016 and is uptrending. It has outperformed by 70.21% the S&P500.
More important recent ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) news were published by: Zacks.com which released: “10 Leveraged/Inverse ETFs Winners YTD” on October 19, 2015, also Seekingalpha.com published article titled: “Silver May Be A ‘Poor Mans Gold’ But It Could Still Make You Rich If You …”, Economictimes.Indiatimes.com published: “Sensex scales mount 27K; top 10 wealth-creating ideas for 1 year” on October 07, 2015. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) was released by: Economictimes.Indiatimes.com and their article: “Stock-specific approach can help beat market; 5 stock ideas from global …” with publication date: February 25, 2016.
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