Could Keek Inc Change Direction After Today’s Gap Up?

 Could Keek Inc Change Direction After Today's Gap Up?

The stock of Keek Inc (CVE:KEK) gapped up by $0.05 today and has $0.86 target or 37.00% above today’s $0.63 share price. The 8 months technical chart setup indicates low risk for the $28.96 million company. The gap was reported on Oct, 31 by Barchart.com. If the $0.86 price target is reached, the company will be worth $10.72 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%. The stock increased 28.57% or $0.14 on October 31, hitting $0.63. About 9.25 million shares traded hands or 1879.19% up from the average. Keek Inc (CVE:KEK) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.

More notable recent Keek Inc (CVE:KEK) news were published by: Marketwired.com which released: “Keek Inc.: Early Warning News Release” on December 03, 2015, also Marketwired.com with their article: “Primary Petroleum Provides Further Details on Propoposed Transaction With Keek …” published on January 21, 2014, Business.Financialpost.com published: “Company with cash, meet company without cash: Steve Palmer’s role in Primary’s …” on November 21, 2013. More interesting news about Keek Inc (CVE:KEK) were released by: Marketwired.com and their article: “Keek Announces Proposed Restructuring of Secured Debt” published on October 14, 2015 as well as Marketwired.com‘s news article titled: “Keek Announces Share Consolidation” with publication date: January 14, 2015.

Keek Inc. , formerly Primary Petroleum Corporation, is engaged in the development of an online social video platform for both Web and mobile. The company has a market cap of $28.96 million. The Company’s application allows users to upload and share personal videos of themselves. It currently has negative earnings. The Company’s interactive video content network contains videos with approximately 36 seconds of video and over 111 characters of accompanying text that can be enabled through the Web, iPhone Operating System, Android and Windows 8 mobile platforms.

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