The stock of Breaking Data Corp (CVE:BKD) gapped up by $0.005 today and has $1.17 target or 164.00% above today’s $0.45 share price. The 8 months technical chart setup indicates low risk for the $18.11M company. The gap was reported on Nov, 7 by Barchart.com. If the $1.17 price target is reached, the company will be worth $29.70M 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 103,000 shares traded hands. Breaking Data Corp (CVE:BKD) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More recent Breaking Data Corp (CVE:BKD) news were published by: Prnewswire.com which released: “Breaking Data Corp. and LYCOS Launch New Sports Initiative” on September 19, 2016. Also Reuters.com published the news titled: “BRIEF-Breaking Data Corp announces $4 million bought deal financing” on October 07, 2016. Marketwired.com‘s news article titled: “Breaking Data Corp. Announces $4000500 Bought Deal Financing” with publication date: October 07, 2016 was also an interesting one.
Breaking Data Corp., formerly Sprylogics International Corp., is a technology well-known provider of semantic search, machine learned language and Natural Language Processing . The company has a market cap of $18.11 million. The Firm has two geographical divisions, which include head office and general activities of Breaking Data International and Poynt Inc. in Canada and its subsidiary, DTI, in the United States. It currently has negative earnings. The Company’s technology platform, Cluuz uses semantic and machine learning techniques to process, analyze and interpret aggregated data in order to extract key sentiments, facts, opinions, user interests and intents.
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