The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT ALL COMMODITIES (LON:SALL) gapped down by GBX 0.96 today and has GBX 73.26 target or 4.00% below today’s GBX 76.31 share price. The 5 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 22 by Barchart.com. If the GBX 73.26 price target is reached, the company will be worth GBX less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The ETF decreased 2.80% or GBX 2.2 on November 22, hitting GBX 76.31. About 15 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT ALL COMMODITIES (LON:SALL) has declined 6.42% since April 13, 2016 and is downtrending. It has underperformed by 10.98% the S&P500.
More recent ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT ALL COMMODITIES (LON:SALL) news were published by: Etfdb.com which released: “MLP ETFs: Fact And Fiction” on October 12, 2010. Also Nasdaq.com published the news titled: “Short & Leveraged ETFs/ETPs Global Report” on December 04, 2013. Etfdb.com‘s news article titled: “Inside The 8x Leveraged ETN” with publication date: July 12, 2011 was also an interesting one.
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