The stock of BH Macro Ltd (LON:BHMG) gapped up by GBX 33 today and has GBX 2213.28 target or 6.00% above today’s GBX 2088.00 share price. The 5 months technical chart setup indicates low risk for the GBX 656.28M company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 2213.28 price target is reached, the company will be worth GBX 39.38 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 0.19% or GBX 4 on November 30, hitting GBX 2088. About 37,640 shares traded hands or 3.02% up from the average. BH Macro Ltd (LON:BHMG) has declined 1.72% since May 3, 2016 and is downtrending. It has underperformed by 6.94% the S&P500.
More news for BH Macro Ltd (LON:BHMG) were recently published by: Valuewalk.com, which released: “Alan Howard BH Macro Global 2015 Letter â€“ Volatility Ahead” on January 31, 2016. Bloomberg.com‘s article titled: “Brevan Howard Cuts Management Fee for Listed Macro Hedge Fund” and published on October 19, 2016 is yet another important article.
BH Macro Limited is a closed-ended investment company. The company has a market cap of 656.28 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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