The stock of ETFS COMMODITY SECURITIES LIMITED ETFS AGRICULTURE (LON:AIGA) gapped up by GBX 0.026 today and has GBX 5.69 target or 4.00% above today’s GBX 5.47 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 5.69 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 0.30% or GBX 0.02 on November 22, hitting GBX 5.47. About 5,618 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS AGRICULTURE (LON:AIGA) has risen 16.71% since April 14, 2016 and is uptrending. It has outperformed by 12.15% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS AGRICULTURE (LON:AIGA) were recently published by: Ft.com, which released: “Biggest crop ETF on track for best year since 2009” on June 23, 2016. Forbes.com‘s article titled: “Tax Treatment Can Be Tricky With Options and ETFs” and published on March 02, 2016 is yet another important article.
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