The stock of ETFS COMMODITY SECURITIES LIMITED ETFS ALL COMMODITIES (LON:AIGC) gapped down by GBX 0.014 today and has GBX 8.30 target or 3.00% below today’s GBX 8.56 share price. The 7 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 29 by Barchart.com. If the GBX 8.30 price target is reached, the company will be worth GBX less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The ETF decreased 2.09% or GBX 0.18 on November 29, hitting GBX 8.56. About 360,370 shares traded hands or 84.59% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS ALL COMMODITIES (LON:AIGC) has risen 18.33% since April 21, 2016 and is uptrending. It has outperformed by 13.07% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS ALL COMMODITIES (LON:AIGC) were recently published by: Forbes.com, which released: “Tax Treatment Can Be Tricky With Options and ETFs” on March 02, 2016. Businesswire.com‘s article titled: “Alerian MLP ETF Product Alert” and published on November 25, 2016 is yet another important article.
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