BH Macro Ltd Just Recorded A Sigfniciant Gap Up

 BH Macro Ltd Just Recorded A Sigfniciant Gap Up

The stock of BH Macro Ltd (LON:BHMG) gapped up by GBX 10 today and has GBX 2120.04 target or 8.00% above today’s GBX 1963.00 share price. The 8 months technical chart setup indicates low risk for the GBX 622.47 million company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 2120.04 price target is reached, the company will be worth GBX 49.80M 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 0.30% or GBX 6 on November 24, hitting GBX 1963. About 26,634 shares traded hands. BH Macro Ltd (LON:BHMG) has declined 7.12% since April 27, 2016 and is downtrending. It has underperformed by 12.53% the S&P500.

More notable recent BH Macro Ltd (LON:BHMG) news were published by: Valuewalk.com which released: “Alan Howard BH Macro Global 2015 Letter – Volatility Ahead” on January 31, 2016, also Bloomberg.com with their article: “Brevan Howard Cuts Management Fee for Listed Macro Hedge Fund” published on October 19, 2016, Bloomberg.com published: “Alan Howard Predicts `Exceptional’ Trading Opportunity” on January 29, 2016. More interesting news about BH Macro Ltd (LON:BHMG) were released by: Bloomberg.com and their article: “Brevan Howard’s Last Stock Manager Tellvik Is Said to Leave Firm” published on September 14, 2015 as well as Ft.com‘s news article titled: “Listed UK hedge funds lose two-thirds of their assets” with publication date: May 22, 2016.

BH Macro Limited is a closed-ended investment company. The company has a market cap of 622.47 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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