The stock of Firan Technology Group Corp. (TSE:FTG) gapped up by $0.04 today and has $7.74 target or 141.00% above today’s $3.21 share price. The 8 months technical chart setup indicates low risk for the $74.35M company. The gap was reported on Oct, 17 by Barchart.com. If the $7.74 price target is reached, the company will be worth $104.83 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%. About 137,625 shares traded hands or 309.72% up from the average. Firan Technology Group Corp. (TSE:FTG) has risen 33.33% since March 10, 2016 and is uptrending. It has outperformed by 27.72% the S&P500.
More notable recent Firan Technology Group Corp. (TSE:FTG) news were published by: Marketwired.com which released: “Firan Technology Group Corporation (“FTG”) Announces the Third Quarter 2016 …” on October 05, 2016, also Marketwired.com with their article: “Firan Technology Group Corporation Announces C$6000000 Bought Deal Private …” published on April 19, 2016, Marketwired.com published: “Firan Technology Group Corporation Announces Closing of C$6900000 Bought Deal …” on May 10, 2016. More interesting news about Firan Technology Group Corp. (TSE:FTG) were released by: Marketwired.com and their article: “Firan Technology Group Corporation (“FTG”) Successfully Completes Rockwell …” published on October 13, 2015 as well as Marketwired.com‘s news article titled: “Firan Technology Group Corporation (FTG) Announces Its Aerospace Toronto …” with publication date: March 19, 2015.
Firan Technology Group Corporation is a Canada supplier of aerospace and defense electronic products and subsystems. The company has a market cap of $74.35 million. The Firm operates through two divisions: FTG Aerospace and FTG Circuits. It has a 6.43 P/E ratio. The FTG Aerospace segment makes illuminated cockpit panels, keyboards, bezels, and sub-assemblies and assemblies for original equipment manufacturers (OEMs) of avionics products, as well as for airframe manufacturers around the world.
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