Pender Growth Fund (VCC) Inc.’s Stock Is Sell After Today’s Gap Down

 Pender Growth Fund (VCC) Inc.'s Stock Is Sell After Today's Gap Down

The stock of Pender Growth Fund (VCC) Inc. (CVE:PTF) gapped down by $0.08 today and has $2.54 target or 11.00% below today’s $2.85 share price. The 5 months technical chart setup indicates high risk for the $11.19 million company. The gap down was reported on Nov, 4 by Barchart.com. If the $2.54 price target is reached, the company will be worth $1.23M 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 8,220 shares traded hands or 44.97% up from the average. Pender Growth Fund (VCC) Inc. (CVE:PTF) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.

Another recent and important Pender Growth Fund (VCC) Inc. (CVE:PTF) news was published by Stockhouse.com which published an article titled: “Pender Growth Fund Sells Investment in Monexa and Will Honour a Significant …” on August 10, 2015.

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