The stock of Blur Group PLC (LON:BLUR) reached all time low today, Nov, 3 and still has GBX 3.13 target or 14.00% below today’s GBX 3.64 share price. This indicates more downside for the GBX 1.75 million company. This technical setup was reported by Barchart.com. If the GBX 3.13 PT is reached, the company will be worth GBX 245,000 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 28.98% or GBX 1.48 on November 3, hitting GBX 3.64. About 1.89M shares traded hands or 2374.24% up from the average. Blur Group PLC (LON:BLUR) has declined 72.73% since April 5, 2016 and is downtrending. It has underperformed by 73.94% the S&P500.
More news for Blur Group PLC (LON:BLUR) were recently published by: Ft.com, which released: “Blur Group’s shares plunge on ‘substantially lower’ revenues” on April 10, 2015. Fool.Co.Uk‘s article titled: “Can You Beat The Market With These Out-Of-Favour Stocks: Blur Group PLC …” and published on January 28, 2016 is yet another important article.
blur Group plc offers an enterprise services platform that combines cloud software and managed services, which includes sourcing, supplier short listing, contract and project management with payment processing and reporting. The company has a market cap of 1.75 million GBP.
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