Time to Buy Purpose Duration Hedged Real Estate Fund After Today’s Gap Up?

 Time to Buy Purpose Duration Hedged Real Estate Fund After Today's Gap Up?

The stock of Purpose Duration Hedged Real Estate Fund (TSE:PHR) gapped up by $0.09 today and has $20.75 target or 5.00% above today’s $19.76 share price. The 6 months technical chart setup indicates low risk for the $24.55 million company. The gap was reported on Nov, 25 by Barchart.com. If the $20.75 price target is reached, the company will be worth $1.23 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 13,806 shares traded hands or 154.63% up from the average. Purpose Duration Hedged Real Estate Fund (TSE:PHR) has declined 2.14% since April 21, 2016 and is downtrending. It has underperformed by 7.55% the S&P500.

More notable recent Purpose Duration Hedged Real Estate Fund (TSE:PHR) news were published by: Marketwired.com which released: “Purpose Investments Inc. Announces August Distributions” on August 22, 2016, also Marketwired.com with their article: “Purpose Investments Inc. Announces October Distributions” published on July 23, 2016, Pionline.com published: “CalSTRS preps risk-mitigation portfolio” on April 16, 2016. More interesting news about Purpose Duration Hedged Real Estate Fund (TSE:PHR) were released by: Theglobeandmail.com and their article: “Millennials find much to like about ETFs” published on March 24, 2016 as well as Seekingalpha.com‘s news article titled: “Apollo Commercial Real Estate Finance – Double Hedge Against Rate Hikes – 11.3 …” with publication date: September 06, 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