The stock of BH Macro Ltd (LON:BHMU) gapped up by GBX 0.29 today and has GBX 20.95 target or 5.00% above today’s GBX 19.95 share price. The 5 months technical chart setup indicates low risk for the GBX 654.66M company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 20.95 price target is reached, the company will be worth GBX 32.73 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 decreased 0.55% or GBX 0.11 on November 30, hitting GBX 19.95. About 7,953 shares traded hands. BH Macro Ltd (LON:BHMU) has declined 1.23% since May 3, 2016 and is downtrending. It has underperformed by 6.46% the S&P500.
More recent BH Macro Ltd (LON:BHMU) news were published by: Valuewalk.com which released: “Alan Howard BH Macro Global 2015 Letter â€“ Volatility Ahead” on January 31, 2016. Also Bloomberg.com published the news titled: “Brevan Howard Cuts Management Fee for Listed Macro Hedge Fund” on October 19, 2016. Bloomberg.com‘s news article titled: “Alan Howard Predicts `Exceptional’ Trading Opportunity” with publication date: January 29, 2016 was also an interesting one.
BH Macro Limited is a closed-ended investment company. The company has a market cap of 654.66 million GBP. The investment objective of the Company is to seek to generate consistent long-term capital appreciation through an investment policy of investing all of its assets . It currently has negative earnings. It invests all of its assets directly in Brevan Howard Master Fund Limited (the Master Fund), which is a hedge fund in the form of a Cayman Islands open-ended investment company, which has its investment objective as the generation of consistent long-term appreciation through active leveraged trading and investment on a global basis.
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