Could Greenbriar Capital Corp Crash Even More? The Stock Just Had a Gap Down

 Could Greenbriar Capital Corp Crash Even More? The Stock Just Had a Gap Down

The stock of Greenbriar Capital Corp (CVE:GRB) gapped down by $0.05 today and has $0.91 target or 13.00% below today’s $1.05 share price. The 8 months technical chart setup indicates high risk for the $13.42 million company. The gap down was reported on Oct, 31 by If the $0.91 price target is reached, the company will be worth $1.74 million 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 decreased 4.55% or $0.05 on October 31, hitting $1.05. About 27,500 shares traded hands or 138.90% up from the average. Greenbriar Capital Corp (CVE:GRB) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.

More recent Greenbriar Capital Corp (CVE:GRB) news were published by: which released: “Greenbriar Capital Corp Partners with Atherton Pacific Green and Retains CV …” on April 27, 2015. Also published the news titled: “Greenbriar Capital Completes Acquisition of Blue Mountain, Utah Wind Energy …” on August 04, 2013.‘s news article titled: “Meggitt Lands EDAC Unit In $340M Deal With Greenbriar” with publication date: September 22, 2015 was also an interesting one.

Greenbriar Capital Corp. is a developer of renewable energy and sustainable real estate projects. The company has a market cap of $13.42 million. The Firm operates through two divisions: Canada and the United States of America . It currently has negative earnings. The Firm is focused on acquisition, permitting, re-zoning, management, development and possible sale of commercial, residential, industrial, and renewable energy related real estate and energy projects in North America.

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