The stock of US DIVIDEND GROWERS INCOME CORP (TSE:US) gapped down by $0.05 today and has $7.40 target or 10.00% below today’s $8.22 share price. The 7 months technical chart setup indicates high risk for the $70.69M company. The gap down was reported on Oct, 17 by Barchart.com. If the $7.40 price target is reached, the company will be worth $7.07M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 28,352 shares traded hands or 77.20% up from the average. US DIVIDEND GROWERS INCOME CORP (TSE:US) has risen 0.36% since March 15, 2016 and is uptrending. It has underperformed by 5.25% the S&P500.
More important recent US DIVIDEND GROWERS INCOME CORP (TSE:US) news were published by: Forbes.com which released: “3 Ignored Dividend Stocks That Crush Realty Income” on September 11, 2016, also Forbes.com published article titled: “The Single Worst Retirement Investment Today”, Barrons.com published: “6 Dividend Growers Now Even Cheaper After Brexit” on June 24, 2016. More interesting news about US DIVIDEND GROWERS INCOME CORP (TSE:US) was released by: Forbes.com and their article: “5 Great Dividend-Growth Stocks To Buy In April” with publication date: April 04, 2016.
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