The stock of ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) gapped up by GBX 0.285 today and has GBX 27.11 target or 9.00% above today’s GBX 24.87 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 27.11 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 0.66% or GBX 0.16 on November 22, hitting GBX 24.87. About 5,184 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) has risen 14.56% since April 13, 2016 and is uptrending. It has outperformed by 10.00% the S&P500.
More important recent ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) news were published by: Zacks.com which released: “Industrial Metals ETFs Investing 101” on January 16, 2015, also Seekingalpha.com published article titled: “Crude Bulls Looking For $55 A Barrel”, Investingnews.com published: “3 Copper ETFs” on November 26, 2015. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) was released by: Etftrends.com and their article: “Gold Miners Are Not a Substitute for Gold ETFs” with publication date: October 18, 2016.
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