The stock of Legend Power Systems Inc (CVE:LPS) gapped up by $0.01 today and has $0.54 target or 41.00% above today’s $0.38 share price. The 7 months technical chart setup indicates low risk for the $30.23M company. The gap was reported on Nov, 7 by Barchart.com. If the $0.54 price target is reached, the company will be worth $12.39M 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 32,500 shares traded hands. Legend Power Systems Inc (CVE:LPS) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More notable recent Legend Power Systems Inc (CVE:LPS) news were published by: Marketwired.com which released: “Legend Power Q3 2016 Financial Results and Business Highlights” on August 24, 2016, also Marketwired.com with their article: “Legend Power Schedules Q3 2016 Financial Results Release and Conference Call” published on February 23, 2016, Marketwired.com published: “Fortune 500 Company Becomes Legend Power’s First Sale in New York City” on October 13, 2016. More interesting news about Legend Power Systems Inc (CVE:LPS) were released by: Marketwired.com and their article: “York Catholic District School Board Chooses Legend’s Solution for Reduced …” published on June 28, 2016 as well as Marketwired.com‘s news article titled: “Appleby College Chooses Legend’s Solution for Reduced Power Consumption” with publication date: October 05, 2016.
Legend Power Systems Inc. is a Canada electrical energy conservation company. The company has a market cap of $30.23 million. The Company, through its subsidiaries, markets a device designed to provide energy savings through voltage optimization to commercial and industrial customers. It currently has negative earnings. The Company’s Electrical Harmonizer eliminates inefficiencies by delivering the optimal level of voltage that a user needs.
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