The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT SILVER (LON:SSIL) gapped up by GBX 0.02 today and has GBX 17.88 target or 4.00% above today’s GBX 17.19 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 17.88 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 0.24% or GBX 0.04 on November 30, hitting GBX 17.19. ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT SILVER (LON:SSIL) has risen 0.72% since April 22, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.
Another recent and important ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT SILVER (LON:SSIL) news was published by Nasdaq.com which published an article titled: “Short & Leveraged ETFs/ETPs Global Report” on December 04, 2013.
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