Traders Are Bearish Horizons BetaPro Nasdaq 100 Bear Plus ETF After Today’s Gap Down

 Traders Are Bearish Horizons BetaPro Nasdaq 100 Bear Plus ETF After Today's Gap Down

The stock of Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) gapped down by $0.01 today and has $15.74 target or 7.00% below today’s $16.93 share price. The 5 months technical chart setup indicates high risk for the $9.11M company. The gap down was reported on Nov, 24 by Barchart.com. If the $15.74 price target is reached, the company will be worth $637,700 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 64,000 shares traded hands or 61.25% up from the average. Horizons BetaPro Nasdaq 100 Bear Plus ETF (TSE:HQD) has declined 16.75% since April 20, 2016 and is downtrending. It has underperformed by 22.16% 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment