The stock of HORIZONS COMEX SILVER ETF (TSE:HUZ) gapped up by $0.02 today and has $9.90 target or 4.00% above today’s $9.52 share price. The 9 months technical chart setup indicates low risk for the $12.06M company. The gap was reported on Nov, 25 by Barchart.com. If the $9.90 price target is reached, the company will be worth $482,400 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 16,144 shares traded hands or 1361.00% 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.
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.