Could HORIZONS COMEX SILVER ETF See a Reversal After Having a Gap Up Today?

 Could HORIZONS COMEX SILVER ETF See a Reversal After Having a Gap Up Today?

The stock of HORIZONS COMEX SILVER ETF (TSE:HUZ) gapped up by $0.02 today and has $10.33 target or 9.00% above today’s $9.48 share price. The 5 months technical chart setup indicates low risk for the $12.06M company. The gap was reported on Nov, 25 by Barchart.com. If the $10.33 price target is reached, the company will be worth $1.09 million 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%. About 16,319 shares traded hands or 1376.83% up from the average. HORIZONS COMEX SILVER ETF (TSE:HUZ) has declined 5.87% since April 21, 2016 and is downtrending. It has underperformed by 11.28% the S&P500.

Another recent and important HORIZONS COMEX SILVER ETF (TSE:HUZ) news was published by Theglobeandmail.com which published an article titled: “Three top picks from Horizons’ Don Vialoux” on July 24, 2015.

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