Is Horizons BetaPro S&P 500 Bear Plus ETF’s Fuel Running Low? The Stock Just Gapped Down

 Is Horizons BetaPro S&P 500 Bear Plus ETF's Fuel Running Low? The Stock Just Gapped Down

The stock of Horizons BetaPro S&P 500 Bear Plus ETF (TSE:HSD) gapped down by $0.02 today and has $6.57 target or 7.00% below today’s $7.06 share price. The 7 months technical chart setup indicates high risk for the $56.69M company. The gap down was reported on Nov, 22 by Barchart.com. If the $6.57 price target is reached, the company will be worth $3.97 million 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%. About 70,950 shares traded hands. Horizons BetaPro S&P 500 Bear Plus ETF (TSE:HSD) has declined 13.87% since April 18, 2016 and is downtrending. It has underperformed by 18.42% the S&P500.

Another recent and important Horizons BetaPro S&P 500 Bear Plus ETF (TSE:HSD) news was published by Midasletter.com which published an article titled: “S&P/TSX Composite, S&P 500: Top Trades in Crisis Markets – Horizons BetaPro ETFs” on January 20, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment