The stock of Intrinsyc Technologies Corp (TSE:ITC) gapped up by $0.01 today and has $2.95 target or 37.00% above today’s $2.15 share price. The 9 months technical chart setup indicates low risk for the $49.49 million company. The gap was reported on Oct, 19 by Barchart.com. If the $2.95 price target is reached, the company will be worth $18.31M 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 86,200 shares traded hands or 125.22% up from the average. Intrinsyc Technologies Corp (TSE:ITC) has risen 93.20% since March 14, 2016 and is uptrending. It has outperformed by 87.66% the S&P500.
More notable recent Intrinsyc Technologies Corp (TSE:ITC) news were published by: Marketwatch.com which released: “Canadian Innovation Exchange Selects Intrinsyc Technologies Corporation as One …” on November 04, 2015, also Marketwired.com with their article: “Intrinsyc Technologies Introduces Wearable Camera Reference Design for Law …” published on February 16, 2016, Marketwired.com published: “Intrinsyc Technologies (TSX: ITC) and Stream TV Networks Extend Strategic …” on June 28, 2016. More interesting news about Intrinsyc Technologies Corp (TSE:ITC) were released by: Marketwatch.com and their article: “/quotes/zigman/3870025/realtime” published on December 21, 2009 as well as Reuters.com‘s news article titled: “BRIEF-Intrinsyc Technologies qtrly earnings per share $0.04” with publication date: March 23, 2016.
Intrinsyc Technologies Corporation is a product developer and provides software, engineering services, and integrated solutions. The company has a market cap of $49.49 million. The Firm provides solutions for the development and production of mobile, embedded and the Internet of Things devices with software solutions for Java or Component Object Model (COM) enterprise interoperability. It has a 18.55 P/E ratio.
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