ETFS COMMODITY SECURITIES LIMITED ETFS ENERGY Gaps Up Today, Is Now One of The Best Performers

 ETFS COMMODITY SECURITIES LIMITED ETFS ENERGY Gaps Up Today, Is Now One of The Best Performers

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS ENERGY (LON:AIGE) gapped up by GBX 0.09 today and has GBX 3.77 target or 5.00% above today’s GBX 3.59 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 3.77 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 1.27% or GBX 0.04 on November 22, hitting GBX 3.59. About 50,825 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS ENERGY (LON:AIGE) has risen 4.79% since April 12, 2016 and is uptrending. It has outperformed by 0.23% the S&P500.

More news for ETFS COMMODITY SECURITIES LIMITED ETFS ENERGY (LON:AIGE) were recently published by: Seekingalpha.com, which released: “Crude Bulls Looking For $55 A Barrel” on November 22, 2016. Etftrends.com‘s article titled: “An ETF for Broad North America Energy Pipeline Exposure” and published on May 17, 2016 is yet another important article.

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