A Reversal for Relx PLC Is Not Near. The Stock Gaps Up

 A Reversal for Relx PLC Is Not Near. The Stock Gaps Up

The stock of Relx PLC (LON:REL) gapped up by GBX 4.79 today and has GBX 1975.57 target or 41.00% above today’s GBX 1401.11 share price. The 8 months technical chart setup indicates low risk for the GBX 29.07 billion company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 1975.57 price target is reached, the company will be worth GBX 11.92 billion 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%. The stock increased 0.29% or GBX 4.11 on November 8, hitting GBX 1401.11. About 2.84M shares traded hands. Relx PLC (LON:REL) has risen 8.42% since April 11, 2016 and is uptrending. It has outperformed by 6.47% the S&P500.

Relx PLC (LON:REL) Ratings Coverage

Out of 17 analysts covering Reed Elsevier PLC (LON:REL), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. Reed Elsevier PLC has been the topic of 82 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Monday, February 1, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating given by Nomura on Thursday, March 24. Nomura maintained Relx PLC (LON:REL) on Monday, February 22 with “Buy” rating. The company was maintained on Wednesday, October 28 by Barclays Capital. The rating was maintained by Nomura with “Buy” on Friday, February 5. The firm has “Buy” rating by UBS given on Tuesday, September 13. As per Thursday, October 27, the company rating was maintained by Liberum Capital. As per Thursday, September 15, the company rating was maintained by Liberum Capital. JP Morgan maintained the stock with “Overweight” rating in Tuesday, January 19 report. The stock of Relx PLC (LON:REL) has “Buy” rating given on Monday, September 21 by Goldman Sachs.

More notable recent Relx PLC (LON:REL) news were published by: Marketwatch.com which released: “RELX PLC ADR” on July 07, 2015, also Businesswire.com with their article: “Issued on Behalf of RELX PLC and RELX NV” published on July 28, 2016, Businesswire.com published: “RELX PLC UK Regulatory Announcement: Non-Discretionary Share Buyback Programme” on December 03, 2015. More interesting news about Relx PLC (LON:REL) were released by: Businesswire.com and their article: “RELX PLC UK Regulatory Announcement: NINE MONTH TRADING UPDATE – 2016” published on October 27, 2016 as well as Businesswire.com‘s news article titled: “RELX PLC UK Regulatory Announcement: RELX Group announces Board changes” with publication date: February 25, 2016.

RELX PLC is a United Kingdom-based company holding shares in RELX Group plc. The company has a market cap of 29.07 billion GBP. RELX Group plc is a global well-known provider of information and analytics for professional and business clients across industries. It has a 26.73 P/E ratio. RELX Group plc serves clients in more than 180 countries.

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