Does RICOH CO LTD RICOH ORD SHS Have Any Gas After Today’s Gap Up?

 Does RICOH CO LTD RICOH ORD SHS Have Any Gas After Today's Gap Up?

The stock of RICOH CO LTD RICOH ORD SHS (LON:RICO) gapped up by GBX 4.2 today and has GBX 1114.33 target or 31.00% above today’s GBX 850.63 share price. The 9 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 1114.33 price target is reached, the company will be worth GBX 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 0.04% or GBX 0.37 on November 8, hitting GBX 850.63. About 30,200 shares traded hands. RICOH CO LTD RICOH ORD SHS (LON:RICO) has declined 20.65% since April 12, 2016 and is downtrending. It has underperformed by 22.61% the S&P500.

Another recent and important RICOH CO LTD RICOH ORD SHS (LON:RICO) news was published by Uk.Finance.Yahoo.com which published an article titled: “PEG Ratio (5 yr expected):” on March 27, 2014.

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