What’s Ahead for PARK LAWN CORPORATION After Today’s Gap Down?

 What's Ahead for PARK LAWN CORPORATION After Today's Gap Down?

The stock of PARK LAWN CORPORATION (CVE:PLC) gapped down by $0.53 today and has $14.09 target or 12.00% below today’s $16.01 share price. The 8 months technical chart setup indicates high risk for the $129.52M company. The gap down was reported on Nov, 2 by Barchart.com. If the $14.09 price target is reached, the company will be worth $15.54 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 closed at $16.01 during the last session. It is down 44.31% since March 29, 2016 and is uptrending. It has outperformed by 41.79% 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. Park Lawn Corp has been the topic of 3 analyst reports since November 19, 2015 according to StockzIntelligence Inc. Mackie initiated PARK LAWN CORPORATION (CVE:PLC) rating on Friday, November 20. Mackie has “Buy” rating and $17 price target. The stock has “Outperform” rating given by National Bank Canada on Thursday, November 19.

More notable recent PARK LAWN CORPORATION (CVE:PLC) news were published by: Reuters.com which released: “BRIEF-Park Lawn Corporation announces C$40 million bought deal offering” on November 01, 2016, also Marketwatch.com with their article: “Park Lawn Corporation Announces Graduation to TSX” published on October 17, 2016, Marketwatch.com published: “Park Lawn Corporation Opens the Market” on October 19, 2016. More interesting news about PARK LAWN CORPORATION (CVE:PLC) were released by: Benzinga.com and their article: “Park Lawn Corporation Announces C$40 Million Bought Deal Offering” published on November 01, 2016 as well as Marketwired.com‘s news article titled: “Park Lawn Corporation Agrees to Acquire Midwest Memorial Group and Announces C …” with publication date: December 02, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment