For anyone that trades pairs, this is possibly worth a look...3-month performance gap has widened, among other factors.
A pairs trade strategy is based on the historical correlation of two securities. When pairs from the trade eventually deviate—as long as an investor is using a pairs trade strategy—they would seek to take a dollar matched the long position in the underperforming security and sell short the outperforming security.
Levels:
Entry: 0.2250 Stop: 0.1950 Target: 0.2600
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