The stock of GreenPower Motor Company Inc (CVE:GPV) gapped up by $0.01 today and has $1.85 target or 147.00% above today’s $0.75 share price. The 5 months technical chart setup indicates low risk for the $60.56 million company. The gap was reported on Nov, 4 by Barchart.com. If the $1.85 price target is reached, the company will be worth $89.02 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 16,700 shares traded hands. GreenPower Motor Company Inc (CVE:GPV) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
More notable recent GreenPower Motor Company Inc (CVE:GPV) news were published by: Seekingalpha.com which released: “GreenPower Motor Co. – A Highly Unusual Transportation Services Technology Play” on October 15, 2015, also Seekingalpha.com with their article: “GreenPower: Getting Definitive With Cash Flow Breakeven Expectations” published on January 13, 2016, Marketwatch.com published: “GreenPower Announces Stock Option Grant” on October 31, 2016. More interesting news about GreenPower Motor Company Inc (CVE:GPV) were released by: Marketwired.com and their article: “GreenPower Announces Production of 2015 EV350 All Electric Bus” published on March 24, 2015 as well as Marketwired.com‘s news article titled: “GreenPower Announces Closing of Non-Brokered Private Placement” with publication date: June 28, 2016.
GreenPower Motor Company Inc., formerly Oakmont Minerals Corp., is engaged in the business of manufacturing and distributing green-tech charter, school and city buses. The company has a market cap of $60.56 million. The Firm develops electric powered vehicles for commercial markets. It currently has negative earnings. The Firm offers a range of electric powered buses deploying electric drive and battery technologies with a lightweight chassis and low floor or high floor body.
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