HORIZONS ACTIVE FLOATING RATE BOND ETF’s Stock Is Sell After Today’s Gap Down

 HORIZONS ACTIVE FLOATING RATE BOND ETF's Stock Is Sell After Today's Gap Down

The stock of HORIZONS ACTIVE FLOATING RATE BOND ETF (TSE:HFR) gapped down by $0.01 today and has $9.22 target or 8.00% below today’s $10.02 share price. The 8 months technical chart setup indicates high risk for the $363.12 million company. The gap down was reported on Nov, 24 by Barchart.com. If the $9.22 price target is reached, the company will be worth $29.05M 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 17,778 shares traded hands. HORIZONS ACTIVE FLOATING RATE BOND ETF (TSE:HFR) has risen 0.91% since April 20, 2016 and is uptrending. It has underperformed by 4.50% the S&P500.

More important recent HORIZONS ACTIVE FLOATING RATE BOND ETF (TSE:HFR) news were published by: Marketwatch.com which released: “Horizons announces October 2016 distributions for certain active ETFs” on October 20, 2016, also Marketwatch.com published article titled: “Horizons announces November 2016 distributions for certain active ETFs”, Marketwatch.com published: “Horizons announces January 2016 distributions for certain Active ETFs” on January 21, 2016. More interesting news about HORIZONS ACTIVE FLOATING RATE BOND ETF (TSE:HFR) was released by: Business.Financialpost.com and their article: “Cash king in the short term, says National Bank ETF strategist” with publication date: September 09, 2013.

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