The stock of BARCLAYS BANK PLC IPATH S&P 500 VIX SHORT-TERM FUTURES ETN (LON:VXIS) gapped up by GBX 0.4 today and has GBX 25.40 target or 9.00% above today’s GBX 23.30 share price. The 5 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 25.40 price target is reached, the company will be worth GBX 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%. The stock increased 3.56% or GBX 0.8 on November 28, hitting GBX 23.3. About 29,482 shares traded hands. BARCLAYS BANK PLC IPATH S&P 500 VIX SHORT-TERM FUTURES ETN (LON:VXIS) has declined 53.17% since April 15, 2016 and is downtrending. It has underperformed by 59.19% the S&P500.
More notable recent BARCLAYS BANK PLC IPATH S&P 500 VIX SHORT-TERM FUTURES ETN (LON:VXIS) news were published by: Marketwatch.com which released: “Barclays Bank PLC iPath S&P 500 VIX Short-Term Futures ETN” on December 21, 2009, also Businesswire.com with their article: “Barclays Bank PLC Announces Reverse Split of Two iPath® Volatility ETNs” published on July 26, 2016, Benzinga.com published: “Why All Eyes Should Be On The VIX” on May 04, 2016. More interesting news about BARCLAYS BANK PLC IPATH S&P 500 VIX SHORT-TERM FUTURES ETN (LON:VXIS) were released by: Seekingalpha.com and their article: “iPath S&P 500 VIX Short-Term Futures ETN: Swimming Against the Currents” published on May 05, 2011 as well as Fool.com‘s news article titled: “The VXX: It’s Not Quite What It Seems” with publication date: October 23, 2015.
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