The stock of ETFS COMMODITY SECURITIES LIMITED ETFS PRECIOUS METALS (LON:AIGP) gapped up by GBX 0.061 today and has GBX 17.78 target or 9.00% above today’s GBX 16.31 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 22 by Barchart.com. If the GBX 17.78 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 decreased 0.18% or GBX 0.03 on November 22, hitting GBX 16.31. About 6,778 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS PRECIOUS METALS (LON:AIGP) has declined 2.77% since April 13, 2016 and is downtrending. It has underperformed by 7.32% the S&P500.
More notable recent ETFS COMMODITY SECURITIES LIMITED ETFS PRECIOUS METALS (LON:AIGP) news were published by: Forbes.com which released: “Tax Treatment Can Be Tricky With Options and ETFs” on March 02, 2016, also Seekingalpha.com with their article: “ETF Securities Precious Metals Quarterly Q3 2015” published on October 07, 2015, Etftrends.com published: “Gold Miners Are Not a Substitute for Gold ETFs” on October 18, 2016. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS PRECIOUS METALS (LON:AIGP) were released by: Nasdaq.com and their article: “Broad Commodity ETFs Gain Traction in Q2: Will the Trend Continue?” published on August 16, 2016 as well as Zacks.com‘s news article titled: “Ride on Gold Rally with Best ETFs and Stocks of 2016” with publication date: March 01, 2016.
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