It Seems ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS Will Go Down. Have Big Gap Down Today

 It Seems ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS Will Go Down. Have Big Gap Down Today

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) gapped down by GBX 0.235 today and has GBX 10.08 target or 9.00% below today’s GBX 11.08 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 10.08 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 4.01% or GBX 0.46 on November 29, hitting GBX 11.08. About 10,357 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) has risen 22.73% since April 19, 2016 and is uptrending. It has outperformed by 17.47% the S&P500.

Another recent and important ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) news was published by Zacks.com which published an article titled: “Industrial Metals ETFs Investing 101” on January 16, 2015.

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