Will ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COFFEE Short Squeeze Soon? The Stock Just Gapped Down

 Will ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COFFEE Short Squeeze Soon? The Stock Just Gapped Down

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COFFEE (LON:LCFE) gapped down by GBX 0.044 today and has GBX 3.45 target or 5.00% below today’s GBX 3.63 share price. The 8 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 3.45 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 ETF decreased 2.54% or GBX 0.09 on November 24, hitting GBX 3.63. About 41,011 shares traded hands or 73.12% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COFFEE (LON:LCFE) has risen 34.08% since April 15, 2016 and is uptrending. It has outperformed by 28.67% the S&P500.

More news for ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COFFEE (LON:LCFE) were recently published by: Bloomberg.com, which released: “Assets Pour Into a Curious and Controversial Investment” on May 05, 2014. Etfdb.com‘s article titled: “MLP ETFs (and ETNs): An ETFdb.com Guide” and published on June 27, 2012 is yet another important article.

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