The stock of EPE Special Opportunities Plc (LON:ESO) gapped up by GBX 20.4 today and has GBX 427.28 target or 87.00% above today’s GBX 228.49 share price. The 5 months technical chart setup indicates low risk for the GBX 62.07 million company. The gap was reported on Oct, 17 by Barchart.com. If the GBX 427.28 price target is reached, the company will be worth GBX 54.00 million 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%. The stock increased 19.63% or GBX 37.49 on October 17, hitting GBX 228.49. About 134,710 shares traded hands or 824.89% up from the average. EPE Special Opportunities Plc (LON:ESO) has risen 31.79% since March 18, 2016 and is uptrending. It has outperformed by 26.18% the S&P500.
EPE Special Opportunities plc is an investment company. The company has a market cap of 62.07 million GBP. The Firm is engaged in arranging income yielding financing for growth, buyout and special situations and holding the investments with a view to exiting in due course at a profit. It has a 6.2 P/E ratio. The Company’s objective is to provide long-term return on equity for its shareholders by way of investment in a portfolio of private equity assets.
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