The stock of SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL SILVER P-ETC (LON:SSLV) gapped up by GBX 0.068 today and has GBX 17.56 target or 9.00% above today’s GBX 16.11 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 29 by Barchart.com. If the GBX 17.56 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 decreased 1.00% or GBX 0.16 on November 29, hitting GBX 16.11. About 32,075 shares traded hands. SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL SILVER P-ETC (LON:SSLV) has declined 2.22% since April 19, 2016 and is downtrending. It has underperformed by 7.48% the S&P500.
More recent SOURCE PHYSICAL MARKETS PLC SOURCE PHYSICAL SILVER P-ETC (LON:SSLV) news were published by: Forbes.com which released: “365 By Whole Foods: 7 Days After Opening, There’s A Lot To Question” on June 02, 2016. Also Rollingstone.com published the news titled: “Freddie Mercury: 10 Things You Didn’t Know Queen Singer Did” on November 23, 2016. Nytimes.com‘s news article titled: “The Minecraft Generation” with publication date: April 14, 2016 was also an interesting one.
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