The stock of ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) gapped up by GBX 0.115 today and has GBX 12.57 target or 9.00% above today’s GBX 11.53 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 12.57 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 1.41% or GBX 0.16 on November 28, hitting GBX 11.53. About 215,362 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) has risen 24.19% since April 15, 2016 and is uptrending. It has outperformed by 18.18% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) were recently published by: Zacks.com, which released: “Industrial Metals ETFs Investing 101” on January 16, 2015. Zacks.com‘s article titled: “4 ETFs Deserving Special Thanks” and published on November 23, 2016 is yet another important article.
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