Today Lingo Media Corporation Stock Crashes. What To Expect?

 Today Lingo Media Corporation Stock Crashes. What To Expect?

The stock of Lingo Media Corporation (CVE:LM) gapped down by $0.005 today and has $0.34 target or 14.00% below today’s $0.40 share price. The 6 months technical chart setup indicates high risk for the $13.23M company. The gap down was reported on Nov, 4 by If the $0.34 price target is reached, the company will be worth $1.85M 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 122,470 shares traded hands or 67.09% up from the average. Lingo Media Corporation (CVE:LM) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.

More notable recent Lingo Media Corporation (CVE:LM) news were published by: which released: “Lingo Media Corporation CEO Michael Kraft Takes on Rosetta Stone Inc. (RST)” on September 29, 2015, also with their article: “Small Cap Discoveries Editor Paul Andreola on Lingo Media Corp (CVE:LM …” published on January 12, 2016, published: “Lingo Media: High Growth Education Technology At A Fair Price” on May 09, 2016. More interesting news about Lingo Media Corporation (CVE:LM) were released by: and their article: “Lingo Media to Establish North American Sales Channel” published on May 13, 2016 as well as‘s news article titled: “Lingo Media Deal with SENA is a Breakthrough Milestone” with publication date: November 16, 2015.

Lingo Media Corporation is a global EdTech company. The company has a market cap of $13.23 million. By integrating education and technology, the Company empowers English language educators to easily transition from traditional teaching methods to digital learning. It has a 6.45 P/E ratio. The Firm provides both online and print solutions through two business units: ELL Technologies and Lingo Learning.

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