The stock of Energy Leaders Plus Income Fund (TSE:HPF) gapped up by $0.01 today and has $6.40 target or 4.00% above today’s $6.15 share price. The 9 months technical chart setup indicates low risk for the $20.68M company. The gap was reported on Dec, 1 by Barchart.com. If the $6.40 price target is reached, the company will be worth $827,200 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 22,000 shares traded hands or 81.83% up from the average. Energy Leaders Plus Income Fund (TSE:HPF) has risen 6.26% since May 2, 2016 and is uptrending. It has outperformed by 0.34% the S&P500.
More news for Energy Leaders Plus Income Fund (TSE:HPF) were recently published by: Marketwired.com, which released: “Energy Leaders Plus Income ETF Announces Distributions” on November 15, 2016. Marketwired.com‘s article titled: “Harvest Portfolios Group Inc. Announces Completion of ETF Conversions” and published on October 24, 2016 is yet another important article.
Energy Leaders Plus Income Fund is a closed-end investment fund. The company has a market cap of $20.68 million. The Fund’s investment objectives are to provide Unitholders with monthly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would otherwise be experienced by owning equity securities of the Company directly. It currently has negative earnings. The Fund invests in a portfolio of equity securities of energy issuers that have a market capitalization of at least $10 billion at the time of investment; are paying a dividend/distribution; have options in respect of their equity securities listed on a recognized options exchange, and have activities and/or offices in approximately two countries.
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