The stock of DEQ Systems Corp. (CVE:DEQ) gapped up by $0.005 today and has $0.51 target or 36.00% above today’s $0.38 share price. The 7 months technical chart setup indicates low risk for the $26.88 million company. The gap was reported on Nov, 8 by Barchart.com. If the $0.51 price target is reached, the company will be worth $9.68M 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 1.39M shares traded hands or 421.40% up from the average. DEQ Systems Corp. (CVE:DEQ) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More notable recent DEQ Systems Corp. (CVE:DEQ) news were published by: Prnewswire.com which released: “DEQ Systems Board of Directors Announces Exploration of Strategic Alternatives” on January 19, 2016, also Prnewswire.com with their article: “Scientific Games Announces Definitive Agreement to Acquire DEQ Systems” published on August 31, 2016, Reuters.com published: “BRIEF-Scientific Games agrees to buy Deq Systems for C$0.38/share” on July 27, 2016. More interesting news about DEQ Systems Corp. (CVE:DEQ) were released by: Prnewswire.com and their article: “DEQ Systems and Talisman Group Resolve Federal Lawsuit Over EZ Baccarat®” published on July 08, 2015 as well as Prnewswire.com‘s news article titled: “Leading advisory firms ISS and Glass Lewis support plan of arrangement between …” with publication date: October 25, 2016.
DEQ Systems Corp. is engaged in the manufacturing, lease and sale of auxiliary systems suitable for casino gaming tables, the management of licenses and the collection of royalties. The company has a market cap of $26.88 million. The Company’s principal activities include the leasing, sale and marketing of products for the casino gaming industry of table games, table game systems and table top utility products. It currently has negative earnings. The Firm also develops solutions related to table game bonusing.
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