The stock of ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL SILVER ETC (LON:ISLN) gapped up by GBX 0.14 today and has GBX 17.12 target or 5.00% above today’s GBX 16.30 share price. The 6 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 17.12 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 1.08% or GBX 0.17 on November 28, hitting GBX 16.3. About 17,778 shares traded hands or 7.74% up from the average. ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL SILVER ETC (LON:ISLN) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
Another recent and important ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL SILVER ETC (LON:ISLN) news was published by Ft.com which published an article titled: “How to… invest in silver” on November 23, 2012.
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