Some Traders Are Very Bullish on Sienna Senior Living Inc After Today’s Gap Up

 Some Traders Are Very Bullish on Sienna Senior Living Inc After Today's Gap Up

The stock of Sienna Senior Living Inc (TSE:SIA) gapped up by $0.02 today and has $19.63 target or 27.00% above today’s $15.46 share price. The 7 months technical chart setup indicates low risk for the $692.63 million company. The gap was reported on Nov, 7 by Barchart.com. If the $19.63 price target is reached, the company will be worth $187.01M 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 32,457 shares traded hands. Sienna Senior Living Inc (TSE:SIA) has declined 7.26% since April 1, 2016 and is downtrending. It has underperformed by 9.21% the S&P500.

Sienna Senior Living Inc (TSE:SIA) Ratings Coverage

Out of 3 analysts covering Sienna Senior Living Inc. (TSE:SIA), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $18.25 is the highest target while $15.50 is the lowest. The $17.39 average target is 12.48% above today’s ($15.46) stock price. Sienna Senior Living Inc. has been the topic of 17 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Sienna Senior Living Inc (TSE:SIA) on Wednesday, August 12 with “Sector Perform” rating. Scotia Capital maintained Sienna Senior Living Inc (TSE:SIA) rating on Friday, August 12. Scotia Capital has “Sector Perform” rating and $18.25 price target.

More important recent Sienna Senior Living Inc (TSE:SIA) news were published by: Marketwired.com which released: “Sienna Senior Living Inc. to Acquire Traditions of Durham Retirement Residence …” on December 09, 2015, also Reuters.com published article titled: “BRIEF-Sienna Senior Living purchases assets for about $255 mln in British …”, Marketwired.com published: “Sienna Senior Living Announces Significant Expansion in British Columbia and …” on April 18, 2016. More interesting news about Sienna Senior Living Inc (TSE:SIA) was released by: Marketwired.com and their article: “Sienna Senior Living Inc. Completes Sale of Home Health Care Business” with publication date: April 28, 2016.

Sienna Senior Living Inc., formerly Leisureworld Senior Care Corporation , is a Canada firm that owns and operates approximately 10 retirement residence (RR) in the Provinces of Ontario and British Columbia and over 30 long-term care (LTC) homes in the Province of Ontario (representing an aggregate of over 5,730 beds). The company has a market cap of $692.63 million. The Company’s divisions include Long-Term Care, Retirement, Home Care and Management Services. It has a 124.74 P/E ratio. Under its management services division, the Company provides management services to LTC homes and RR in Ontario.

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