Is Major Move Coming For Points International Ltd. After This Gap Down?

 Is Major Move Coming For Points International Ltd. After This Gap Down?

The stock of Points International Ltd. (TSE:PTS) gapped down by $0.45 today and has $8.01 target or 11.00% below today’s $9.00 share price. The 9 months technical chart setup indicates high risk for the $137.81 million company. The gap down was reported on Nov, 3 by Barchart.com. If the $8.01 price target is reached, the company will be worth $15.16M 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%. About 19,944 shares traded hands or 260.91% up from the average. Points International Ltd. (TSE:PTS) has declined 0.62% since March 30, 2016 and is downtrending. It has underperformed by 1.83% the S&P500.

More recent Points International Ltd. (TSE:PTS) news were published by: Globenewswire.com which released: “Points International Ltd. Reports First Quarter 2016 Financial Results” on May 04, 2016. Also Globenewswire.com published the news titled: “Points International Ltd. to Report First Quarter 2016 Results on Wednesday …” on April 21, 2016. Seekingalpha.com‘s news article titled: “Points International: 3 Pipelines – One For Top Line Growth And Two For Bottom …” with publication date: May 30, 2016 was also an interesting one.

Points International Ltd. provides a range of e-commerce and technology services to loyalty program operators using a common infrastructure. The company has a market cap of $137.81 million. These services include a range of white label or private branded e-commerce services (Loyalty Currency Services) that enable the sale of loyalty currencies (such as frequent flyer miles, hotel points and credit card points), both retail and wholesale, and support the loyalty program consumer offerings and their back end operations. It has a 29.11 P/E ratio. The Firm offers the consumer-focused Points Loyalty Wallet that allows users to track, manage and access multiple loyalty rewards programs through the Points.com Website.

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