The stock of Hoizons BetaPro S&P 500 VIX Short Term Futures Index ETF (TSE:HUV) gapped up by $0.1 today and has $10.96 target or 8.00% above today’s $10.15 share price. The 8 months technical chart setup indicates low risk for the $5.85 million company. The gap was reported on Dec, 1 by Barchart.com. If the $10.96 price target is reached, the company will be worth $468,000 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 11,001 shares traded hands. Hoizons BetaPro S&P 500 VIX Short Term Futures Index ETF (TSE:HUV) has declined 54.58% since April 27, 2016 and is downtrending. It has underperformed by 60.50% the S&P500.
More important recent Hoizons BetaPro S&P 500 VIX Short Term Futures Index ETF (TSE:HUV) news were published by: Theglobeandmail.com which released: “Tempted to bet on market volatility? Here’s why advisers urge caution” on February 16, 2016, also Business.Financialpost.com published article titled: “Horizons BetaPro launches Canada’s first volatility ETFs”, Theglobeandmail.com published: “Turning market volatility into profits” on May 09, 2011. More interesting news about Hoizons BetaPro S&P 500 VIX Short Term Futures Index ETF (TSE:HUV) was released by: Theglobeandmail.com and their article: “How will the markets react if Donald Trump wins?” with publication date: November 06, 2016.
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