What Next for HORIZONS NYMEX NATURAL GAS ETF After Today’s Gap Up?

 What Next for HORIZONS NYMEX NATURAL GAS ETF After Today's Gap Up?

The stock of HORIZONS NYMEX NATURAL GAS ETF (TSE:HUN) gapped up by $0.01 today and has $7.36 target or 5.00% above today’s $7.01 share price. The 9 months technical chart setup indicates low risk for the $12.23M company. The gap was reported on Dec, 1 by Barchart.com. If the $7.36 price target is reached, the company will be worth $611,500 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%. About 11,400 shares traded hands or 123.62% up from the average. HORIZONS NYMEX NATURAL GAS ETF (TSE:HUN) has risen 0.58% since April 27, 2016 and is uptrending. It has underperformed by 5.34% the S&P500.

More news for HORIZONS NYMEX NATURAL GAS ETF (TSE:HUN) were recently published by: Theglobeandmail.com, which released: “Three top ETF picks from Horizons’ Brooke Thackray” on September 17, 2015. Seekingalpha.com‘s article titled: “Natural Gas And The Trickling Bull” and published on September 12, 2016 is yet another important article.

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