The stock of ETFS COMMODITY SECURITIES LIMITED ETFS GRAINS (LON:AIGG) gapped down by GBX 0.013 today and has GBX 3.57 target or 6.00% below today’s GBX 3.80 share price. The 5 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 3.57 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 1.06% or GBX 0.04 on November 29, hitting GBX 3.8. About 15,150 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS GRAINS (LON:AIGG) has risen 1.56% since April 21, 2016 and is uptrending. It has underperformed by 3.70% the S&P500.
Another recent and important ETFS COMMODITY SECURITIES LIMITED ETFS GRAINS (LON:AIGG) news was published by Ft.com which published an article titled: “Biggest crop ETF on track for best year since 2009” on June 23, 2016.
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