The stock of ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL SILVER ETC (LON:SSLN) gapped up by GBX 9.2 today and has GBX 1361.88 target or 4.00% above today’s GBX 1309.50 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 1361.88 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 1.14% or GBX 14.75 on November 28, hitting GBX 1309.5. About 62,012 shares traded hands. ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL SILVER ETC (LON:SSLN) has risen 11.16% since April 20, 2016 and is uptrending. It has outperformed by 5.15% the S&P500.
Another recent and important ISHARES PHYSICAL METALS PLC ISHARES PHYSICAL SILVER ETC (LON:SSLN) news was published by Ft.com which published an article titled: “How to… invest in silver” on November 23, 2012.
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