The stock of Digital Barriers PLC (LON:DGB) gapped up by GBX 1 today and has GBX 92.23 target or 116.00% above today’s GBX 42.70 share price. The 8 months technical chart setup indicates low risk for the GBX 70.51 million company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 92.23 price target is reached, the company will be worth GBX 81.79 million 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 decreased 0.70% or GBX 0.3 on November 8, hitting GBX 42.7. About 27,766 shares traded hands. Digital Barriers PLC (LON:DGB) has declined 9.68% since April 8, 2016 and is downtrending. It has underperformed by 11.63% the S&P500.
More recent Digital Barriers PLC (LON:DGB) news were published by: Prnewswire.com which released: “Frost & Sullivan Lauds Digital Barriers for its Novel ThruVision Technology …” on June 28, 2016. Also Bizjournals.com published the news titled: “U.K. company buys Ashburn contractor for $25M as peers seek to flee U.S …” on December 18, 2015. Wsj.com‘s news article titled: “Airports Look at Technology to Extend Security” with publication date: March 30, 2016 was also an interesting one.
Digital Barriers plc is a provider of visually intelligent solutions to the global surveillance, security and safety markets. The company has a market cap of 70.51 million GBP. The Firm operates through Solutions segment, which is focused on the surveillance market. It currently has negative earnings. This covers image and data capture , a range of processing and enhancement techniques (thermal image processing, image stabilization and enhancing low light performance), image transmission (both wired and wireless technologies) and a range of analytics algorithms.
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