What’s Horizons BetaPro Nasdaq 100 Bear Plus ETF Upside After Today’s Gap Up?

 What's Horizons BetaPro Nasdaq 100 Bear Plus ETF Upside After Today's Gap Up?

The stock of Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) gapped up by $0.09 today and has $17.69 target or 4.00% above today’s $17.01 share price. The 9 months technical chart setup indicates low risk for the $9.04M company. The gap was reported on Nov, 23 by Barchart.com. If the $17.69 price target is reached, the company will be worth $361,600 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%. About 33,200 shares traded hands. Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) has declined 17.64% since April 19, 2016 and is downtrending. It has underperformed by 22.97% the S&P500.

Another recent and important Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) news was published by Stockhouse.com which published an article titled: “MicroCap Report: Sirius XM (T.XSR) to buy back, Pacific Rubiales (T.PRE) sinks …” on January 15, 2016.

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