BH Macro Ltd Gap Up Today Means Lower Risks Forward

 BH Macro Ltd Gap Up Today Means Lower Risks Forward

The stock of BH Macro Ltd (LON:BHME) gapped up by GBX 0.15 today and has GBX 19.90 target or 5.00% above today’s GBX 18.95 share price. The 7 months technical chart setup indicates low risk for the GBX 615.37M company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 19.90 price target is reached, the company will be worth GBX 30.77 million 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 stock decreased 0.39% or GBX 0.07 on November 24, hitting GBX 18.95. BH Macro Ltd (LON:BHME) has declined 0.26% since April 15, 2016 and is downtrending. It has underperformed by 5.67% the S&P500.

More important recent BH Macro Ltd (LON:BHME) news were published by: Valuewalk.com which released: “Alan Howard BH Macro Global 2015 Letter – Volatility Ahead” on January 31, 2016, also Bloomberg.com published article titled: “Brevan Howard Cuts Management Fee for Listed Macro Hedge Fund”, Bloomberg.com published: “Alan Howard Predicts `Exceptional’ Trading Opportunity” on January 29, 2016. More interesting news about BH Macro Ltd (LON:BHME) was released by: Bloomberg.com and their article: “Brevan Howard’s Last Stock Manager Tellvik Is Said to Leave Firm” with publication date: September 14, 2015.

BH Macro Limited is a closed-ended investment company. The company has a market cap of 615.37 million GBP. The investment objective of the Company is to seek to generate consistent long-term capital appreciation through an investment policy of investing all of its assets . It currently has negative earnings. It invests all of its assets directly in Brevan Howard Master Fund Limited (the Master Fund), which is a hedge fund in the form of a Cayman Islands open-ended investment company, which has its investment objective as the generation of consistent long-term appreciation through active leveraged trading and investment on a global basis.

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