What’s Ahead for BH Global Limited After Today’s Gap Up?

 What's Ahead for BH Global Limited After Today's Gap Up?

The stock of BH Global Limited (LON:BHGU) gapped up by GBX 0.042 today and has GBX 13.31 target or 4.00% above today’s GBX 12.80 share price. The 8 months technical chart setup indicates low risk for the GBX 420.12 million company. The gap was reported on Nov, 29 by Barchart.com. If the GBX 13.31 price target is reached, the company will be worth GBX 16.80 million 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 stock increased 2.89% or GBX 0.36 on November 29, hitting GBX 12.8. About 6,480 shares traded hands or 265.07% up from the average. BH Global Limited (LON:BHGU) has declined 6.92% since May 2, 2016 and is downtrending. It has underperformed by 12.18% the S&P500.

Another recent and important BH Global Limited (LON:BHGU) news was published by Bloomberg.com which published an article titled: “Jeb Bush Has a Mitt Romney Problem” on December 11, 2014.

BH Global Limited is a Guernsey-based closed-ended investment company. The company has a market cap of 420.12 million GBP. The Company’s investment objective is to seek to generate consistent long-term capital appreciation through an investment policy of investing all of its assets in Brevan Howard Multi-Strategy Master Fund Limited (BHMS or the Master Fund), an open-ended investment company. It currently has negative earnings. BHMS invests in a range of instruments, including debt securities and obligations, bank loans, listed and unlisted equities, and other collective investment schemes or vehicles, among others.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment