The stock of ETFS METAL SECURITIES LD ETFS PHYSICAL PALLADIUM (LON:PHPD) gapped up by GBX 0.44 today and has GBX 79.30 target or 9.00% above today’s GBX 72.75 share price. The 7 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 29 by Barchart.com. If the GBX 79.30 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 ETF increased 0.36% or GBX 0.26 on November 29, hitting GBX 72.75. About 1,383 shares traded hands. ETFS METAL SECURITIES LD ETFS PHYSICAL PALLADIUM (LON:PHPD) has risen 29.76% since April 19, 2016 and is uptrending. It has outperformed by 24.50% the S&P500.
More recent ETFS METAL SECURITIES LD ETFS PHYSICAL PALLADIUM (LON:PHPD) news were published by: Businesswire.com which released: “ETFS Gold Trust, ETFS Precious Metals Basket Trust & ETFS Asian Gold Trust to …” on March 05, 2015. Also Businesswire.com published the news titled: “ETF Securities wins â€Best Precious Metal ETFâ€ award for ETFS Physical Swiss …” on May 11, 2011. Zacks.com‘s news article titled: “Want to Dig Into Mining ETFs with 100% YTD Gains Seen Already?” with publication date: August 10, 2016 was also an interesting one.