ETFS COMMODITY SECURITIES LIMITED ETFS SOFT Draws Bearish Focus After Its Gap Down Today

 ETFS COMMODITY SECURITIES LIMITED ETFS SOFT Draws Bearish Focus After Its Gap Down Today

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS SOFT (LON:AIGS) gapped down by GBX 0.04 today and has GBX 4.77 target or 4.00% below today’s GBX 4.97 share price. The 9 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 4.77 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 0.79% or GBX 0.04 on November 30, hitting GBX 4.97. About 11,782 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS SOFT (LON:AIGS) has risen 17.80% since April 22, 2016 and is uptrending. It has outperformed by 12.57% the S&P500.

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