The stock of ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) gapped up by GBX 0.074 today and has GBX 11.70 target or 7.00% above today’s GBX 10.93 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 11.70 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 0.69% or GBX 0.07 on November 22, hitting GBX 10.93. About 224,541 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) has risen 20.16% since April 12, 2016 and is uptrending. It has outperformed by 15.60% the S&P500.
More notable recent ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) news were published by: Zacks.com which released: “Industrial Metals ETFs Investing 101” on January 16, 2015, also Seekingalpha.com with their article: “Crude Bulls Looking For $55 A Barrel” published on November 22, 2016, Cnbc.com published: “Snake oil: Why the $3 billion USO ETF is down this year even as crude has surged” on August 25, 2016. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) were released by: Zacks.com and their article: “What Ails the Industrial Metals Industry?” published on August 19, 2016 as well as Barrons.com‘s news article titled: “How to Fix the ETF Industry” with publication date: July 30, 2016.
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