Does HORIZONS BP SP500 VIX ST FUT INV ETF Have Any Gas After Today’s Gap Down?

 Does HORIZONS BP SP500 VIX ST FUT INV ETF Have Any Gas After Today's Gap Down?

The stock of HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) gapped down by $0.03 today and has $14.75 target or 5.00% below today’s $15.53 share price. The 7 months technical chart setup indicates high risk for the $15.02M company. The gap down was reported on Nov, 25 by Barchart.com. If the $14.75 price target is reached, the company will be worth $751,000 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 84,770 shares traded hands. HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) has risen 56.91% since April 21, 2016 and is uptrending. It has outperformed by 51.50% the S&P500.

Another recent and important HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) news was published by Business.Financialpost.com which published an article titled: “Horizons BetaPro launches Canada’s first volatility ETFs” on December 16, 2010.

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