Bearish Gap Down for goeasy Ltd After Worse Fundamentals

 Bearish Gap Down for goeasy Ltd After Worse Fundamentals

The stock of goeasy Ltd (TSE:GSY) gapped down by $0.4 today and has $20.65 target or 10.00% below today’s $22.94 share price. The 8 months technical chart setup indicates high risk for the $303.44M company. The gap down was reported on Nov, 4 by If the $20.65 price target is reached, the company will be worth $30.34 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%. About 71,671 shares traded hands or 95.49% up from the average. goeasy Ltd (TSE:GSY) has risen 26.68% since March 31, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

goeasy Ltd (TSE:GSY) Ratings Coverage

Out of 2 analysts covering Argosy Energy Inc. (TSE:GSY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Argosy Energy Inc. has been the topic of 2 analyst reports since February 19, 2016 according to StockzIntelligence Inc.

More notable recent goeasy Ltd (TSE:GSY) news were published by: which released: “goeasy Ltd. Reports Record Performance for the Third Quarter ended September …” on November 03, 2016, also with their article: “The Globe and Mail” published on August 07, 2009, published: “BRIEF-Goeasy reports record performance for the third quarter” on November 03, 2016. More interesting news about goeasy Ltd (TSE:GSY) were released by: and their article: “goeasy Ltd. Appoints New Director” published on May 05, 2016 as well as‘s news article titled: “goeasy Ltd. Announces Timing of Second Quarter 2016 Conference Call and Webcast” with publication date: July 20, 2016.

goeasy Ltd., formerly easyhome Ltd., is a Canada service well-known provider of goods and alternative financial services. The company has a market cap of $303.44 million. The Firm serves clients through two divisions: easyhome and easyfinancial. It has a 10.1 P/E ratio. The Company’s divisions are easyhome and easyfinancial. easyhome offers clients brand-name household furniture, appliances and electronics under weekly or monthly lease agreements. easyhome operates through both corporately owned and franchised stores located across Canada.

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