PARK LAWN CORPORATION Could Burn Your Portfolio. Has Another Gap Down

 PARK LAWN CORPORATION Could Burn Your Portfolio. Has Another Gap Down

The stock of PARK LAWN CORPORATION (CVE:PLC) gapped down by $0.07 today and has $13.93 target or 13.00% below today’s $16.01 share price. The 9 months technical chart setup indicates high risk for the $129.52 million company. The gap down was reported on Oct, 28 by If the $13.93 price target is reached, the company will be worth $16.84M 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%. The stock last traded at $16.01 per share. It is down 50.21% since March 23, 2016 and is uptrending. It has outperformed by 45.50% the S&P500.


Out of 2 analysts covering Park Lawn Corp (CVE:PLC), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $19 is the highest target while $16 is the lowest. The $17.50 average target is 9.31% above today’s ($16.01) stock price. Park Lawn Corp has been the topic of 3 analyst reports since November 19, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, November 19 by National Bank Canada. The firm earned “Buy” rating on Friday, November 20 by Mackie.

More notable recent PARK LAWN CORPORATION (CVE:PLC) news were published by: which released: “Park Lawn Corporation Announces October 2016 Dividend” on October 24, 2016, also with their article: “Park Lawn Corporation Opens the Market” published on October 19, 2016, published: “Park Lawn Corporation Announces Graduation to TSX” on October 17, 2016. More interesting news about PARK LAWN CORPORATION (CVE:PLC) were released by: and their article: “Park Lawn Corporation Agrees to Acquire Midwest Memorial Group and Announces C …” published on December 02, 2015 as well as‘s news article titled: “Park Lawn Corporation Announces September 2016 Dividend” with publication date: September 20, 2016.

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