It Seems Organigram Holdings Inc Will Go Up. Have Big Gap Up Today

 It Seems Organigram Holdings Inc Will Go Up. Have Big Gap Up Today

The stock of Organigram Holdings Inc (CVE:OGI) gapped up by $0.02 today and has $4.94 target or 88.00% above today’s $2.63 share price. The 8 months technical chart setup indicates low risk for the $198.63 million company. The gap was reported on Nov, 7 by Barchart.com. If the $4.94 price target is reached, the company will be worth $174.79M 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 1.14M shares traded hands. Organigram Holdings Inc (CVE:OGI) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

More notable recent Organigram Holdings Inc (CVE:OGI) news were published by: Marketwatch.com which released: “OrganiGram Holdings Inc. Announces Issuance of Stock Options” on June 28, 2016, also Marketwired.com with their article: “OrganiGram Holdings Inc. Receives License to Sell Oil Extracts” published on June 22, 2016, Marketwired.com published: “OrganiGram Holdings Announces $17.5 Million Bought Deal” on August 03, 2016. More interesting news about Organigram Holdings Inc (CVE:OGI) were released by: Seekingalpha.com and their article: “Organigram: A Win-Win In The Canadian Cannabis Group” published on September 21, 2016 as well as Business.Financialpost.com‘s news article titled: “Podcast: Organigram Holdings Inc CEO Denis Arsenault on preparing for the …” with publication date: May 13, 2016.

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