The stock of ETFS COMMODITY SECURITIES LIMITED ETFS INDUSTRIAL METALS (LON:AIGI) gapped up by GBX 0.115 today and has GBX 11.97 target or 8.00% above today’s GBX 11.08 share price. The 9 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 29 by Barchart.com. If the GBX 11.97 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 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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