The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) gapped up by GBX 0.302 today and has GBX 10.61 target or 5.00% above today’s GBX 10.10 share price. The 9 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 10.61 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 ETF increased 8.87% or GBX 0.82 on November 28, hitting GBX 10.1. About 19,965 shares traded hands or 143.24% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) has risen 101.40% since April 19, 2016 and is uptrending. It has outperformed by 95.39% the S&P500.
More important recent ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) news were published by: Zacks.com which released: “10 Leveraged/Inverse ETFs Winners YTD” on October 19, 2015, also Seekingalpha.com published article titled: “Silver May Be A ‘Poor Mans Gold’ But It Could Still Make You Rich If You …”, Economictimes.Indiatimes.com published: “Markets will go up for next 2 years, pick 3-5 winners and remain invested …” on August 18, 2016. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) was released by: Economictimes.Indiatimes.com and their article: “Overweight on cyclicals, engineering and capital goods cos for next 4-5 years …” with publication date: October 24, 2016.
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