The stock of Restaurant Brands International Inc (TSE:QSR) gapped up by $0.4 today and has $95.79 target or 60.00% above today’s $59.87 share price. The 9 months technical chart setup indicates low risk for the $14.28 billion company. The gap was reported on Oct, 19 by Barchart.com. If the $95.79 price target is reached, the company will be worth $8.57B 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 176,966 shares traded hands. Restaurant Brands International Inc (TSE:QSR) has risen 16.78% since March 16, 2016 and is uptrending. It has outperformed by 11.23% the S&P500.
Another recent and important Restaurant Brands International Inc (TSE:QSR) news was published by Seekingalpha.com which published an article titled: “Restaurant Brands International: Just Getting Started?” on October 12, 2016.
Restaurant Brands International Inc
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