The stock of ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL PLATINUM ETC (LON:SPLT) gapped down by GBX 6.95 today and has GBX 995.95 target or 8.00% below today’s GBX 1082.55 share price. The 6 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 24 by Barchart.com. If the GBX 995.95 price target is reached, the company will be worth GBX 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%. The stock decreased 0.91% or GBX 9.95 on November 24, hitting GBX 1082.55. About 12,906 shares traded hands or 384.82% up from the average. ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL PLATINUM ETC (LON:SPLT) has risen 5.43% since April 19, 2016 and is uptrending. It has outperformed by 0.02% the S&P500.
Another recent and important ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL PLATINUM ETC (LON:SPLT) news was published by Ft.com which published an article titled: “How to… invest in silver” on November 23, 2012.
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