Could ETFS HEDGED COMMODITY SECURITIES LIMITED ETFS GBP DAILY HEDGED GOLD Crash Even More? The Stock Just Had a Gap Down

 Could ETFS HEDGED COMMODITY SECURITIES LIMITED ETFS GBP DAILY HEDGED GOLD Crash Even More? The Stock Just Had a Gap Down

The stock of ETFS HEDGED COMMODITY SECURITIES LIMITED ETFS GBP DAILY HEDGED GOLD (LON:PBUL) gapped down by GBX 7.375 today and has GBX 568.07 target or 9.00% below today’s GBX 624.25 share price. The 7 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 30 by Barchart.com. If the GBX 568.07 price target is reached, the company will be worth GBX less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The ETF decreased 1.28% or GBX 8.12 on November 30, hitting GBX 624.25. About 10,002 shares traded hands. ETFS HEDGED COMMODITY SECURITIES LIMITED ETFS GBP DAILY HEDGED GOLD (LON:PBUL) has declined 5.84% since April 22, 2016 and is downtrending. It has underperformed by 11.07% the S&P500.

Another recent and important ETFS HEDGED COMMODITY SECURITIES LIMITED ETFS GBP DAILY HEDGED GOLD (LON:PBUL) news was published by Ft.com which published an article titled: “Hedging equity risk with two very different products” on June 05, 2014.

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